The Supervisory Committee is responsible for monitoring the financial safety and soundness of SchoolsFirst Federal Credit Union and compliance with various financial and regulatory requirements. In fulfilling these responsibilities, the Committee engaged Moss Adams LLP to perform the annual financial statement audit for the year ended December 31, 2017. We held quarterly meetings to review, among other things, internal audit services, internal controls and risk management processes, and examinations by regulatory agencies. In the opinion of the Committee, SchoolsFirst Federal Credit Union has operated in a fiscally sound manner and, in all material respects, in accordance with applicable federal and state regulations.
Chairman, Supervisory Committee
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