2025 Supervisory Committee Chairman’s Report

The Supervisory Committee is created by law, and members are appointed from the credit union membership by your Board of Directors to represent all members independently. We evaluate Keesler Federal Credit Union’s activities and operations to ensure soundness, compliance, and reliability, and appraise the adequacy of internal controls. Our duties also include ensuring the performance of a comprehensive annual audit, independently verifying member accounts, and objectively investigating formal complaints.

To maintain these high standards and fulfill our financial and regulatory compliance responsibilities, we regularly meet and interact with the Keesler Federal Credit Union’s Board of Directors, the senior management team, and the Credit Union’s internal auditors.

To fulfill our audit responsibilities for 2025, we hired the accounting firm Doeren Mayhew, CPAs, and Advisors to conduct an independent, in-depth audit of Keesler Federal Credit Union’s financial operations and issue a report. We’re proud to announce that their December 31, 2024, report showed the financial statements fairly represent, in all material respects, the financial position of Keesler Federal and conform with Generally Accepted Accounting Principles (GAAP) in the United States of America.

After reviewing the results of this audit , your Supervisory Committee can confidently report that Keesler Federal continues to be financially solid and well-managed with sound policies and programs. Keesler Federal complies with the Credit Union’s bylaws, Mississippi state laws relating to credit unions, and applicable federal laws and regulations.

Respectfully,

Allan Micksch, 

Chairman, Supervisory Committee