CU’s owners are its members. As such, all business decisions and actions practiced by CU are for the benefit of the members and its structure is based on the democratic belief in maintaining members’ profit and respecting members’ opinions
Primary Credit Union
NACUFOK - National Credit Union Federation of Korea
ACCU - Asian Confederation of Credit Unions
ICA - International cooperative Alliance
WOCCU - World Council of Credit Unions
IRU - International Raiffeisen Union
Primary Credit Union
General Meeting
Borad of Directors
President
CEO / GM
Saving Dept
Loans Dept
General Affairs & H.R.
Supervisory committee
General Meeting is composed of registered members who duly paid for a share. The meeting is usually held in February and important decisions are made in this meeting.
Board of Directors consists of five to nine members, elected by and from members in a general meeting. The board has general direction and control of the policy about the business and operation of the credit union and takes responsibility for duties performed by board of directors.
President, elected from the board of directors, serves as the chairperson of the general meeting and the board of directors. He/she also supervises general operations and represents the credit union.
Supervisors consist of two to three members, all of who shall be elected by and from the CU members. They perform a periodic examination of the affairs of the credit union; property condition, accounting books, documents, etc. They also prepare and forward to the general meeting and the board of directors an examination report as required.
National Credit Union Federation of Korea
Organization
Central Divisions
9 sectors, 1 center, 22 divisions, 2 offices, 72 teams, 2 groups
Local Divisions
12 Local Divisions, 16 teams
★ General Assembly
● Board of Directors
◆ Audit Committee
■ Audit Office
Chairman & president(General Assembly)
secretariat
Executive Assistant Team
Regional Offices(10)
Support Business Teams
Supervisory Teams
Supervisory Director(Board of Directors)
Supervisory Bureau(Audit Committee)
Supervisory Division (Audit Office)
Supervisory Planning Team
Deposit Insurance Management Team
Enforcement Review Team
Review Team
Inspection Division (Audit Office)
Inspection Planning Team
Inspection Team
Off-site Surveillance Team
Compliance Bureau(Audit Committee)
Legal Compliance Support Team
Money Laundering Prevention Team
President & CEO Credit and Insurance(Board of Directors)
Investment Bureau(Audit Committee)
Investment Planning Division (Audit Office)
Investment Planning Team
Investment Strategy Team
Investment Management Team
Credit Management Division(Audit Office)
Credit Management Team
Settlement Service Team
Trust Busi- ness Team
Securities Management Division(Audit Office)
Securities Management Team 1
Securities Management Team 2
Investment Finance Division(Audit Office)
Real Estate Finance Team
Corporate Infra Finance Team
P2P Loans Division(Audit Office)
P2P Loans Team 1
P2P Loans Team 2
Risk Manage-ment Sector(Audit Committee)
Risk Strategy Team
Risk Manage- ment Team
Investment Management Team
CU Risk Management Support Team
Mutual Insur-ance Sector(Audit Committee)
Mutual Insurance Planning Division(Audit Office)
Mutual Insurance Planning Team
Actuarial Team
Product Team
Mutual Insurance Marketing Strategy Team
Direct Channel Sales Team
Mutual Insurance Support& Service Division(Audit Office)
Mutual Insurance Support & Service Team
Life-Insurance Underwriting Team
Property & Casualty Under- writing Team
Loan & Invest- ment Appraisal Sector(Audit Committee)
Loan & Invest- ment Appraisal Division(Audit Office)