The Audit Committee held six meetings during 2019. The Audit Committee retained the independent public accounting firm of Crowe LLP to perform the audit of BECU's 2019 financial statements. The Audit Committee has reviewed and discussed BECU's 2019 audited financial statements with Crowe, the credit union's Chief Audit Executive and management. In carrying out its responsibilities, the Audit Committee believes that appropriate internal controls are in place at BECU and that the 2019 financial statements accurately reflect the strong financial position of the credit union.
John McMurray, Chairperson, BECU Audit Committee
Board of Directors
As a member-owned cooperative, BECU is governed by a Board of Directors that is responsible for guiding the general direction of the credit union in the best interests of the membership and in accordance with BECU bylaws. We are proud to have this group of qualified professionals dedicate their time to serve BECU.
The Audit Committee provides oversight of the audit function of the credit union, as well as the safety and soundness of the credit union, through monitoring risks and controls associated with its business objectives, strategies and plans.
Read other sections of our 2019 Annual Report:
I. BECU + YOU
II. BECU + COMMUNITY
III. BECU + CREW
Federally insured by NCUA