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- Have custody of all funds, securities, valuable papers and other assets of this organization.
- Sign all notes of this organization and , all checks, drafts, and other orders for disbursement of its funds.
- Provide and maintain full and complete records of all assets and liabilities of this organization in accordance with forms and procedures prescribed by federal regulation in compliance with generally accepted accounting principles.
- Within fifteen (15) business days after the close of each month, prepare and submit to the Board a financial report showing the condition of this organization as of the end of the month, including a summary of delinquent loans. He/ she shall promptly post a copy of such statement in a conspicuous place in the office of the organization where it will remain until replaced by the financial statement for each successive month.
- Prepare and forward to the [ENTER REGULATORY AGENCY NAME HERE] such financial and other reports as the Administration may require.
- Expenses/ Fixed Assets:
- CEO- Approve expenses, repairs and renovations in accordance with the approved budget. Approve purchase of fixed assets not to exceed [ENTER AMOUNT HERE]
- Board of Directors- Approve purchase of fixed assets exceeding [ENTER SAME AMOUNT HERE]
- Budget:
- The CEO will prepare an annual budget for the review and approval of the Board of Directors. The Budget will focus on balance sheet assumptions and interest rate projections to ensure that the budget will meet the goals for return on assets, capital to assets, and various other key ratios.
- Third Party Marketing Relationships:
- The Board of Directors has delegated the responsibility for the selection and maintenance of all third party marketing relationships to the CEO.
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