Page 10 - Kildare CU 2022 AR

REPORT OF
THE BOARD OF DIRECTORS
Directors
The present membership of the Board is as set out on the inside of the front cover.
In accordance with Section 53 of the Credit Union Act 1997 (as amended) five directors of the Credit Union are required to retire from the Board at this year’s Annual General Meeting, and being eligible, two directors will offer themselves for re-election. There will be one new director for election. Two directors co-opted during the year to full vacancies offer themselves for election.
Accounting records
The measures taken by the directors to ensure compliance with the requirements of Section 108 of the Credit Union Act 1997 (as amended), regarding proper books of account are the implementation of necessary policies and procedures for recording transactions, the employment of competent accounting personnel with appropriate expertise and the provision of adequate resources to the financial function. The books of account of the Credit Union are maintained at the Credit Union’s premises at Rea House, Bride Street, Kildare.
Auditors
The auditors, BCA Tax & Business Consultants Limited, have indicated their willingness to continue in office in accordance with the provisions of Section 115 of the Credit Union Act 1997 (as amended).
This report was approved by the Board on and signed on its behalf by:
Judith Boyle
Director
Date: 25th October 2022
Mark McLoughlin Director
Date: 25th October 2022
For the year ended 30 September 2022
Page 8