Supervisory Committee Basic Duties & Responsibilities
Instructor: Tim Harrington
Price: This One is Free!
When: On Demand Course
Duration: 45 min.
The supervisory committee is the watchdog of the credit union, and fills a critical role in making sure the organization is operating in a safe and sound manner, putting proper controls in place and not taking undue risk. The board of directors may get all of the attention, but a strong supervisory committee is essential to having good governance. Whether you’re a rookie committee member needing to hit the ground running, or a veteran needing a refresher, this course will provide great value – and it’s free! Review this course on your own time to keep clear the essential roles and jobs that the committee must fill.
Supervisory Committee Of the 21st Century
Instructor: Tim Harrington
Price: $249
Original Live Airing: September 15, 2015
Duration: 90 min. (In three, 30-minute segments)
In the old days, supervisory committees reviewed loan files, performed cash counts and confirmed closed accounts. Oh boy, have times changed. The modern supervisory committee must understand the myriad risks facing the credit union and understand if proper controls are in place. The modern supervisory committee must know how to interact with the outside audit firm on a professional basis and glean everything it can from this key ally in the audit process. The modern supervisory committee must learn how to guide, supervise and evaluate both the internal audit department and the external auditors. The role of the committee has changed dramatically. If the committee really wants to do its job well and be a true, professional partner in the protection of the credit union, it must understand its role in the changing credit union environment.
What All Supervisory Committee Members Need to Know About Financial Statements
Instructor: Tim Harrington
Price: $249
When: February 17, 2016
Duration: 90 min. (In three, 30-minute segments)
How’s your credit union doing? No, really, how is your credit union doing? As a supervisory committee member, you have an obligation to know and understand how your credit union is doing.financially. The environment has become more demanding. It is no longer enough to come to meetings and trust that someone else on the board understands your financial statements and ratios, or that if something is amiss, the CEO will let you know. According to NCUA Reg. 701.4, each director, regardless of background, has an obligation to understand the financial condition of their credit union. Newly elected directors have six months after election to become financially literate. This course will cover key concepts to help new and experienced directors better understand their credit union’s financial condition.
Fraud Hunters: Understanding the Risks of Internal Fraud and What to Do About Them
Price: $249
When: March 15, 2016
Duration: 90 min. (In three, 30-minute segments)
There can be little doubt that the biggest internal risk facing many credit unions is the specter of internal fraud. From embezzlement to self-dealing to unauthorized activities, life can be dangerous in credit union land. Several highly publicized credit union failures have resulted from fraud and most examination staff believe that fraud is a hidden killer for many unwary credit unions. Unfortunately the topic remains taboo in many organizations and little resources are devoted to keeping honest employees honest while discovering the bad guys. What is your supervisory committee going doing about this rising risk?
