Comptroller's Licensing Manual

Oath of Savings Association Director
Name of Savings Association _________________________________________
Charter No. _______________
City ________________________ County _______________ State___________
I, the undersigned, a (proposed) director of the above-named savings association, do solemnly
swear (affirm) as follows:
1.
I acknowledge that service as a director of a federally insured savings association is an
important undertaking that carries with it significant duties and responsibilities.
2.
As a director of the above-named savings association, I have a legal responsibility and a
fiduciary duty to its shareholders/members and creditors and to the applicable federal deposit
insurance funds to administer the savings association’s affairs faithfully and to oversee its
management. In carrying out my duties and responsibilities, I shall exercise reasonable care and
place the interests of the savings association before my own interests. I shall fulfill my duties of
loyalty and care to the above-named savings association.
3.
I shall diligently and honestly administer the affairs of the savings association, and I shall
not knowingly violate, or willingly permit to be violated, any applicable statute or regulation. I
shall ensure that I learn of changes in statutes, regulations, and policies of the Office of the
Comptroller of the Currency and the Federal Deposit Insurance Corporation or any state to
whose jurisdiction my association is subject, which affect my duties, responsibilities, or
obligations as a director and affiliated person of the savings association.
4.
I shall attend meetings of the board of directors and participate fully on all committees of
the board to which I am appointed.
Signature _________________________________________________
Typed Name _______________________________________________
Mailing Address ____________________________________________
City __________________ State ______________ ZIP Code_________
Date _____________________________
Notary’s Affirmation
Sworn to before me and subscribed in my presence this ____ day of ___________, _______.
Notary Public ______________________________________________
My Commission Expires ______________________________________