Oxfordshire Credit Union is run by a volunteer board of Directors who bring their experience and skills to the operation of the business. These people must be accepted as a “fit and proper person” by the regulator and undergo training from the Association of British Credit Unions. They are elected by the Annual General Meeting of the credit union.
The day-to-day operation is carried out by a team of paid employees who are employed by a partner coop called Credit Union Solutions. We share this organisation with five other Credit Unions so we can keep our running costs as low as possible.
All officers and volunteers sign a declaration of confidentiality, so all members’ information is kept totally confidential at all times. A qualified auditor prepares the Annual Audit Report that is submitted to the members at our Annual General Meeting.