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Annual ReportLCCU 24 03SUPERVISORY COMMITTEEThe Supervisory Committee of Light Commerce Credit Unioncomprises dedicated volunteers who serve as independent overseersof the credit union%u2019s operations. Their primary role is to assess theoverall strength, safety, and soundness of LCCU by ensuring properpractices are in place and adhered to.Key responsibilities of the Committee include:Ensuring an annual independent audit is conductedVerifying member account balancesReviewing the adequacy of internal policies and proceduresConfirming compliance with applicable regulations and internalguidelinesEnsuring financial statements accurately reflect the credit union%u2019soperations and performanceThe Committee collaborates closely with internal auditors, the Boardof Directors, the President & CEO, and LCCU staff to maintain astrong system of checks and balances that protects the credit union%u2019sassets. To fulfill its audit responsibilities, the Committee engagedMoore Financial Services, an independent auditing firm, to conductthe annual audit of LCCU%u2019s financial statements. Their reviewconfirmed that the statements fairly and accurately represent LCCU%u2019sfinancial position by Generally Accepted Accounting Principles(GAAP). Based on this year%u2019s findings, the Supervisory Committeeaffirms that Light Commerce Credit Union remains a financiallysound and well-managed institution. We extend our sincere thanks tothe Board of Directors, management, and staff for their continuedcooperation and commitment to maintaining high standards offinancial integrity.