The mission of the Lion's Share Federal Credit Union is to provide our members with quality financial services at competitive rates and in a courteous and efficient manner, while maintaining a sound financial structure.
Our purpose is to promote thrift by encouraging savings and offering loans, both at competitive rates of interest. Unlike a bank or finance company, our goal is not to accumulate profits. After our expenses are paid and reserves for losses are set aside, our income is returned to the members in dividends or other benefits in new products and services.
Our Board of Directors consists of nine members, who are elected by the membership at our annual meeting. This board directs the business affairs, funds, and records of the credit union. Meetings are held once a month and on other occasions, as necessary. Our Supervisory Committee consists of three members, who are also appointed by the Board of Directors. This committee is responsible for monitoring the credit union's operation according to Federal law and has the responsibility of making an annual audit of the credit union's records. Audit reports are reviewed by the Board of Directors and the Credit Union Division, of the NCUA.