Saemaeul Geumgo Central Association Strengthens Internal Controls... Establishes Internal Reporting Center

Internal Reporting Center Established in Compliance Monitoring Division
Reporting Scope Expanded from Financial Incidents to Internal Issues

The National Credit Union Federation of Korea announced on the 23rd that it will establish an Internal Reporting Center within the Compliance Monitoring Division to prevent accidents in advance and to ensure that incidents are not expanded or concealed, thereby operating an internal reporting system.

Internal reports can be submitted through various convenient channels such as the company intranet, a secure attorney, or by mail. The scope of reports ranges widely from financial incidents such as embezzlement, breach of trust, extortion, theft, bribery, illegal private lending mediation, abuse of authority, and system improvements to internal organizational issues.

The National Credit Union Federation of Korea upholds strict confidentiality to protect whistleblowers and has also established internal measures to ensure that employees who cooperate in investigations, other than the whistleblower, do not suffer any personnel disadvantages.

Additionally, if the contents of a whistleblower’s report contribute to preventing potential accidents and losses, commendations and rewards will be provided.

Kim In, President of the National Credit Union Federation of Korea, stated, "The Internal Reporting Center is an important pillar for the Federation to practice ethical leadership and become a trusted organization. Going forward, we will continue to strengthen transparency and accountability through the Internal Reporting Center and do our best to protect the development of the National Credit Union Federation and the trust of local communities."