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.
- Seven categories of risk for credit unions
- Responsibilities of supervisory committee members
- Financial literacy requirements
- Supervisory committee best practices
- TAKE-AWAY TOOLKIT
- Detailed list of general and specific questions credit union supervisory committee members should consider asking
Who Should Attend:
This informative session is designed for current and future credit union supervisory committee members, as well as anyone who would like a better understanding of the role of the supervisory committee. Attendance verification for CE credits provided upon request.
About the Presenter: Stephen J.M. Schiltz, CPA, CliftonLarsonAllen LLP
Stephen Schiltz is an assurance senior manager at CliftonLarsonAllen’s Phoenix office. He began his career with Clifton Gunderson in 2002 and has extensive experience providing assurance services to credit unions and credit union service organizations. Steve has made presentations to credit union management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars.
A licensed CPA in Arizona and Texas, Steve is a member of the AICPA, Arizona Society of CPA’s, the Risk Management Association – Arizona Chapter and the Beta Gamma Sigma Honor Society. He received his bachelor’s in accounting, cum laude, from the University of Arizona in Tucson.
|Over $75 million
|$25 - 75 million
|Under $25 million