SUPERVISORY COMMITTEE REPORT

The Valley First Credit Union Supervisory Committee has reviewed the financial records, member account records, and independent accounting firm’s audit and believes the Credit Union has maintained accurate and timely accounting records and applied the policies and procedures established by the Board of Directors.

The Supervisory Committee is a group of volunteers who are elected by the members to ensure the management of Valley First Credit Union follows the guidelines and procedures set forth by the regulatory agencies that govern credit union operations.

The Committee is responsible for ensuring the financial records of the Credit Union fairly and accurately reflect its financial position and operating results.

The Supervisory Committee is also responsible for overseeing the accurate and timely reporting of the Credit Union’s financial status and monitoring the effectiveness of the internal controls to protect credit union resources.

Included in this responsibility is also the review of member account records to verify their accuracy and oversee the audit performed by our independent auditing firm, Moss Adams, Certified Public Accountants.

Kashmir Gill SUPERVISORY COMMITTEE CHAIR

VALLEY FIRST CREDIT UNION