Webinar: Understanding Supervisory Committee Expectations & Avoiding Landmines
May 30, 2023 3:00 pm - 4:30 pm
Your membership relies on the Supervisory Committee’s training, experience, and keen eye to protect its interests at the credit union.
But what happens when something goes wrong? Is your committee structured to stay ahead of the storm and ably assist the credit union?
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Appreciate regulatory responsibilities and practical opportunities
- Recognize proper internal controls
- Understand NCUA’s 2023 supervisory priorities
- Review Supervisory Committee examination guidance
- Identify and avoid common Supervisory Committee landmines
- Employ five traits of an outstanding Supervisory Committee
WEBINAR DETAILS
A good Supervisory Committee is the board’s best friend! The Supervisory Committee plays a unique role as the watchdog of the membership. But the financial services world is getting more complex every day and new challenges are waiting around every corner. From balance sheet pressures to increased cybersecurity threats, your risk profile is constantly changing.
These are truly unprecedented times, and you are tasked with the specific responsibilities of confirming that the credit union is safeguarding member assets, following all applicable rules and regulations, and verifying internal controls. Join Supervisory Committee member and veteran credit union attorney David Reed as he explores the traits of a healthy Supervisory Committee, the biggest challenges facing it today, and methods to ensure full compliance with regulatory duties.
WHO SHOULD ATTEND?
This informative session is designed for Supervisory Committees, directors, volunteers, senior executives, compliance staff, internal auditors, and anyone involved with volunteers or credit union governance.
TAKE-AWAY TOOLKIT
- Supervisory Committee examination guidance
- SC audit guidance and best practices worksheet
- NCUA’s Other Supervisory Committee Audit Minimum Procedures Guide
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: David A. Reed, Reed & Jolly, PLLC
Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.