February 22, 1996
William G. Berg
Financial Management Services Specialist
Florida Credit Union League, Inc.
P.O. Box 3108
Tallahassee, Florida 32315-3108
Re: Supervisory Committee Members Attending Board Meetings(Your February 7, 1996, Letter)
Dear Mr. Berg:
You have asked whether a federal credit union's board of directors can exclude members of the supervisory committee from regular monthly board meetings or executive sessions of a regular board meeting. It is up to the board of directors of the FCU to determine whether or not supervisory committee members may attend a regular board meeting or executive session. Enclosed is a March 17, 1993, letter from this office to Plains Bell FCU addressing this issue.
Richard S. Schulman
Associate General Counsel