Paper
Development Best Practices in Credit Union Supervision: Operational Management Duties and Responsibilities
The role and responsibilities of operational management in a credit union
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2 pages
This paper discusses the role of operational management in credit union functioning and details the duties and responsibilities of a union manager. It offers guidelines on the:
- Role of the General Manager in a credit union;
- Skills required by the General Manager;
- Guidelines for the manager recruitment;
- Duties and responsibilities of the manager such as:
- Assistance to the Board in setting goals, planning and budgeting;
- Establishment of accounting and administrative controls for the union;
- Proper implementation and adherence to Board decisions and policies;
- Provision of general administrative direction to the union employees;
- Supervision of daily union management;
- Recruitment, capacity building and termination of employees;
- Periodic reporting to the Board;
- Representation of the union in transactions when ever authorized by the Board;
- Ensuring compliance to legal obligations and regulations;
- Promotion and enhancement of the credibility of the union.
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