Oxford FCU will be closed on Monday, January 21, 2019 in observance of Martin Luther King, Jr. Day
   

inspiring our members to achieve financial success

Board of Directors

Oxford Federal Credit Union is a not-for-profit financial institution which relies on volunteers for its Board of Directors and Supervisory Committee. The elected officials, who oversee the credit union operations, are announced at each Annual Meeting.
Credit Unions are not managed by outside stockholders or investors.
Oxford Federal Credit Union has a talented and diverse group of volunteers who serve on our Board and Supervisory Committee, they dedicate many hours of service to ensure that Oxford FCU operates in a sound and fiscally responsible manner.
To be eligible to serve on the Board of Directors or Supervisory Committee, you must be a member of Oxford FCU in good standing.
To learn more about becoming a member of the Board or Supervisory Committee, contact Human Resources at 800.991.9219.

Board of Directors
Each member of Oxford FCU's Board is elected by the membership to serve a three-year term. The Board sets Oxford FCU policy and oversees management in the overall running of the Credit Union.
Specific Board Responsibilities Include:

  • Making strategic decisions, establishing objectives, formulating policy, and approving goals and programs.
  • Setting rates on savings and loan products and establishing pricing policy on member services and fees.
  • Hiring, terminating, and evaluating the Credit Union’s president.
  • Setting and approving pay practices and benefits for Credit Union staff as recommended by management.
  • Participating in standing committees as appointed by the Board chair.
  • Ensuring that the Credit Union meets all federal and state regulations and guidelines.
  • Monitoring activities of and appointments to the Supervisory Committee.
  • Maintaining, reviewing and updating the Credit Union bylaws.
  • Maintaining the confidentiality of all Credit Union business.
  • Attending and actively participating in monthly Board meetings and the annual planning session.

Board of Directors:
Peter Theriault, Chair
Owen Melville, Vice-Chair
Blue Keim, Secretary/Treasurer
Mike Madore, Director
Norm Charleston, Director
Bonnie Marien, Director
Tonia DeSalle, Director

Associate Board of Directors
The Board Of Directors may appoint up to three non-voting members to serve in an advisory capacity.  
Associate Board of Directors:
Rebecca Breton
David LeClerc

Supervisory Committee
The Supervisory Committee is appointed by the Board of Directors and comprised of volunteers who are member-owners of  Oxford FCU. The Committee maintains oversight of the safety and soundness of Oxford FCU, including overseeing internal audits, verifying member accounts, responding to unsafe activity, and maintaining confidentiality.
Specific Responsibilities Include:

  • Helping to safeguard Oxford FCU member assets by initiating ongoing internal and yearly external audits.
  • Periodically verifying teller cash and member account balances.
  • Reviewing Oxford FCU's policies, procedures, and operations.
  • Reviewing the minutes of meetings held by the Board of Directors and standing committees.
  • Evaluating Oxford FCU's internal controls and financial position.
  • Keeping abreast of consumer laws and regulations and determine Oxford FCU's compliance with them.
  • Collaborating with regulatory examiners during their reviews/exams.

Supervisory Committee:
Bonnie Marien, Supervisory Chair
Elizabeth Doherty
Sheryl Briggs
Barbara Lane
Mitzi Sequoia