Webinar: Supervisory Committee Duties & Responsibilities
Do you know what it takes to be a credit union supervisory committee member? Supervisory committee members have basic, specific and mandatory responsibilities that are vital to a credit union's operations and oversight.
NCUA has responded to the increasing number of credit union failures with heightened regulatory scrutiny and requirements in an effort to protect the safety and soundness of the industry. The supervisory committee is ultimately responsible for ensuring "that the credit union adheres to the measurement and filing requirements for reports filed with the NCUA board under section 741.6." This includes NCUA call reporting and compliance with generally accepted accounting principles. Does this mean supervisory committee members are required to be a regulator or a CPA? Join us to explore what it takes to be a supervisory committee member during these uncertain times.
About This Session:
This webinar will cover the following topics:
- Seven categories of risk for credit unions
- Responsibilities of supervisory committee members
- Financial literacy requirements
- Supervisory committee best practices
- TAKE AWAY TOOLKIT with a detailed list of general and specific questions credit union supervisory committee members should consider asking, as well as useful website links
Who Should Participate:
Current and future credit union supervisory committee members and others interested in the role of the supervisory committee
About the Presenter:
Stephen J.M. Schiltz, CPA, CliftonLarsonAllen LLP
Stephen Schiltz is an assurance senior manager at CliftonLarsonAllen, where he applies years of experience to provide assurance services to credit unions and credit union service organizations. He has made presentations to credit union management teams, supervisory committees and boards of directors, and led numerous webinars. A licensed CPA in Arizona and Texas, Schiltz is a member of the AICPA, Arizona Society of CPAs, the Risk Management Association - Arizona Chapter and the Beta Gamma Sigma Honor Society.