Careers

Employment Opportunities

NSP Credit Union does not have any current employment opportunities.

Board of Director/Supervisory Committee Opportunities

We are always looking for interested candidates for our Supervisory Committee and Board of Directors.

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Supervisory Committee Position Description

Position Title: Supervisory Committee Member

Accountable to: Membership, Board of Directors

Term: Elected by the Membership for a staggered three-year term. No term limits. 

Compensation: $11.00/hour per hours worked in official capacity.

Qualifications: Must be a member of the Credit Union in good standing.

Committee Responsibility Summary:

• Provides oversight of operational procedures and safety of members' funds.
• Ensures that internal controls are in place and operating correctly.
• Oversees lending, accounting, and operating activities to verify detail of internal controls and operating procedures.
• Initiates annual audit by selecting an independent, professional auditing firm to perform internal audit responsibilities.

Yearly Duties:

• Complete member account verifications (typically conducted by an outside, contracted CPA firm).
• Contract with management to have a CPA firm conduct at least an agreed-upon procedures audit.
• During one quarter per year, reviews:
  • Closed accounts, Returned Mail, Exceptions, ALLL report
  • New accounts, Investments, Dormant Accounts, Outside audits, Bank statements 

Semi-Annual Duties:

• Hold a meeting appointing a chairperson and secretary to take minutes of the Committee meetings.
• Conduct an audit for the State of Minnesota.
• During two non-consecutive calendar quarters:
  • Perform cash counts, Review loan files

If you are interested in a position on our Supervisory Committee, please contact Charlie Yenni at 651-265-7044 or [email protected].

Board of Director Position Description

Position Title: Board of Director Member 

Accountable to: Membership

Term: Elected by the Membership for a staggered three-year term. No term limits.

Compensation: $11.00/hour per hours worked in official capacity.

Qualifications:

• Must be a member of the Credit Union in good standing.
• Must be able to read and interpret basic financial statements.

Position Responsibility:

• Establish and implement written policies that:
  • Are clear
  • Are consistent with Credit Union objectives
  • Are in compliance with all Federal and State statutes, rules, regulations, and bylaws of the Credit Union
  • Benefit the membership
  • Are sound and ethical business practices

Position Liability:

• The Board of Directors is ultimately responsible to the membership and the regulatory agencies that oversee the operation of the Credit Union.
• The Credit Union carries Directors and Officers liability insurance in order to protect volunteers.
• Directors and Officers liability coverage is not a substitute for competent and prudent management.

Position Description:

• The Board of Directors has the responsibility for the general direction and control of the affairs of the Credit Union.
  • General Direction: relates to policy decisions involving setting policy within the guidelines and regulations pertaining to credit unions, the Credit Union bylaws, and charter.
  • Control: involves ensuring that established policies and directions are carried out. 

Fiduciary Duties:

• Duty of Care: Directors must act in good faith and exercise their duties in a reasonable and prudent manner.
• Duty of Loyalty: Directors must put the interests of the Credit Union above their own… avoid conflicts of interest.
• Accomplished with other Board members and Management to provide effective and efficient directions of the Credit Union to benefit members. 

Primary Board Responsibilities:

• The ultimate responsibility for the Credit Union rests with the Board of Directors.
• Serves the Credit Union membership.
  • Maintain confidentiality of all members.
• Provides direction and control of the Credit Union.
• Reviews and approves the written policies of the Credit Union in the areas of:
  • Share savings: rates, and terms
  • Loans: maximum loan amounts, interest rates, terms, and acceptable collateral
  • Collections
  • Investments and Borrowing
  • Disaster Recovery Planning
• Hire and retain a competent President/CEO
• Approve and review operations and budget to ensure the safety and soundness of the Credit Union
• Attend all scheduled Board and Committee meetings

Secondary Board Responsibilities:

• Elect Officers of the Board
• Provide necessary office facilities
• Act on all membership applications
• Designate depositories for funds
• Determine surety bond needs annually
• Authorize necessary insurance

If you are interested in a position on our Board of Directors, please contact Charlie Yenni at 651-265-7044 or [email protected].

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