Supervisory Committee Development | Credit Union Seminar

Turn your supervisory/audit committee into a strategic asset.

Under the guidance of an expert, take a deeper look into the impact your committee’s actions have on your credit union.

You and your fellow committee members act as a watchdog for your financial institution. The lessons you’ll learn at this CUES event are vitally important to your credit union’s bottom line and its future. Attend and explore:

Your Role as a Supervisory/Audit Committee Member
Understanding Your Audit Universe and Priorities
The Month-to-Month Work
Your Relationship with the Auditors and Consultants
Reviewing Your Audit Reports

Make sure you are up to the task, and fully understand your roles and responsibilities. Learn more by visiting our “Agenda” tab. Questions? Contact us or email events@cues.org.

Register today!

Supervisory/Audit Committee Development Seminar focuses on leadership, governance, marketing and operations.

Subscribe to receive more information on Supervisory/Audit Committee Development Seminar.

Scott Worthington

Supervisory Committee Chair

Park Community Credit Union

asset size — $907 million

Ancin was good in his presentation and participation style. He’s also very knowledgeable in the subject matter, and he kept things interesting. Topics were right on—great for new supervisory committee members and a good refresher for senior committee members. I picked up many best practices to consider.

Network with Your Peers

Supervisory Committee Development Seminar Attendees by Title

14

Attendees will spend 14 hours learning with their peers.
15.5

You will earn up to 15.5 Continuing Professional Education credits for attending Supervisory Committee Development Seminar.

Why Attend?

Supervisory/Audit Committee and Board Members

Your role as part of the supervisory or audit committee, and the decisions you make, are vitally important to the health and well-being of your credit union. Attend and walk away with practical tips and tools you can use right away.
Gain an understanding of the current regulatory environment, including the NCUA’s supervisory committee rules.
Take a deep dive into your audit universe and priorities.
Explore your CU’s strategic objectives.
Discover new ways to organize your committee’s agenda.
Learn to re-allocate resources based on current events.
Create a comprehensive audit plan.
Meet other supervisory and audit committee members, and develop a network of colleagues you can reach out to after the seminar is over.

CEOs: Why Send Your Supervisory/Audit Committee Members to this Event?

High performing boards lead to high performing credit unions. Your supervisory or audit committee members will learn best practices that will ultimately improve your board's functionality and in turn your credit union as a whole.
The seminar focuses on the practical rather than the theoretical. Your supervisory/audit committee members head home with tools and ideas ready to implement.
The supervisory/audit committee and the decisions it makes are vital to the health of your CU; sending your committee members is an investment in your credit union's future.
Keeping up with the ever-changing CU environment is imperative; the seminar is a must attend for new and veteran board members alike.
You can be confident knowing your supervisory/audit committee is functioning at its best.
Plus, your supervisory/audit committee members will:
- Walk away with practical tips and tools they can use right away.
- Meet others in the same role, and develop a network of colleagues they can reach out to after the seminar is over.

Thank You to Our Sponsors

Sponsorship Opportunities

If you’re looking to connect with dedicated, responsible credit union directors, will find them here.

Learn More

Agenda

Tuesday, July 30

Pre-Conference Fundamentals Workshop

(Separate Registration Required)

Breakfast & Registration
8:00–8:30 a.m.

Session
8:30 a.m.–9:45 a.m.

Introduction to the Supervisory Committee
Ancin Cooley, Principal, Synergy Credit Union Consulting

Learning Outcomes: Participants will be able to articulate the role and importance of the Supervisory Committee, understand its historical evolution, and recognize its relevance in today's credit unions. Skills Developed: Understanding committee roles, historical context, and current relevance.

Networking Break
9:45–10:00 a.m.

General Session Continued
10:00 a.m.–11:45 a.m.

Key Responsibilities of Committee Members
Ancin Cooley, Principal, Synergy Credit Union Consulting

Learning Outcomes: Participants will learn to identify and understand the key responsibilities of a committee member, comprehend legal and ethical obligations, and apply this knowledge in practical scenarios. Skills: Identifying responsibilities, legal obligations, and ethical standards.

Lunch
11:45 a.m.–12:45 p.m.

Session
1:00–2:00 p.m.

The Practical Work of a Supervisory Committee Member
Ancin Cooley, Principal, Synergy Credit Union Consulting

Learning Outcomes: Participants will develop skills for effective committee membership, encompassing task management, meeting facilitation, and role-specific responsibilities.

Skills: Building capabilities in areas such as time management, prioritization, effective meeting conduct, agenda setting, and leadership.

Networking Break
2:00–2:15 p.m.

Session
2:15–4:00 p.m.

Understanding Key Responsibilities in Depth
Ancin Cooley, Principal, Synergy Credit Union Consulting

Learning Outcomes: Attendees will gain a deeper understanding of their responsibilities, learn the role in risk management, and apply this knowledge to case studies. Skills: Deep dive into responsibilities, risk management role, case study application.

Wednesday, July 31

Breakfast & Registration
7:30–8:00 a.m.

Session
8:00 a.m.–10:00 a.m.

Opening Session: Risk Management and Audit Governance for Supervisory and Audit Committee
Ancin Cooley, Principal, Synergy Credit Union Consulting

What do the issues at SVB, FTX, and Well Fargo all have in common? They all suffered from significant lapses in governance and audit management. When Audit functions fail, unexpected events will always catch institutions off guard. In this timely opening session, Ancin Cooley, with Synergy Credit Union Consulting, will draw from his experiences as an examiner, board consultant, and strategic planner to provide insight on how to audit functions can help institutions grow fast while also maintaining a reasonable risk profile.

Workshop 1:

Strategic and Succession Planning for Supervisory and Audit Committees
Fundamentals of Risk in Credit Unions (Credit, Liquidity, Interest Rate, Transaction, Compliance)
Keys to Audit Universe Development

Morning Networking Break
10:00–10:15 a.m.

Session
10:15 a.m.–12:00 p.m.

Workshop Session 2
Ancin Cooley, Principal, Synergy Credit Union Consulting

Audit Risk Identification and Prioritization
- Liquidity and Interest Rate Risk Discussion
- Member Lending Risks
- Compliance Risk Mgmt vs. Compliance Audits
Creating the Annual Audit Calendar with your Internal Auditor (or Outsourced Audit function)
Creating and Reviewing the Audit Budget

Lunch
12:00–1:00 p.m.

Session
1:00–2:15 p.m.

Workshop Session 3
Ancin Cooley, Principal, Synergy Credit Union Consulting

Selecting the (Internal and External) Audit Firms (Proposal Evaluation Examples)
Recruiting and Selecting an Audit Leader (Resume Examples and Interview Question Examples)
Evaluating the effectiveness of the Audit function (360 Feedback Examples)

Afternoon Networking Break
2:15–2:30 p.m.

Session
2:30–4:00 p.m.

Workshop Session 4
Ancin Cooley, Principal, Synergy Credit Union Consulting

Monthly Tasks and Responsibilities
Enhancing Meeting Efficiency
Understanding the Various Audit Reports
Reviewing and Managing Audit Follow-Up Items
Dealing with Regulatory DORS
Supervisory/Audit Committee Chair Responsibilities

Thursday, August 1

Breakfast
7:30–8:00 a.m.

Session
8:00–10:00 a.m.

Workshop Session 5
Ancin Cooley, Principal, Synergy Credit Union Consulting

Group Case Study: ZAP! You are transported to a different credit union. What is missing from their Supervisory/Audit Committee Processes?

Networking Break
10:00–10:15 a.m.

General Session
10:15 a.m.–12:00 p.m.

Workshop Session 6
Ancin Cooley, Principal, Synergy Credit Union Consulting

Group Activity: Develop Your Supervisory/Audit Committee’s Strategic and Succession Plan.

Lunch
12:00–1:00 p.m.

Session
1:00–2:15 p.m.

Workshop Session 7
Ancin Cooley, Principal, Synergy Credit Union Consulting

Group Role Play and Discussion: Mending Fences: Fix a fractured relationship between management and the audit function.

Networking Break
2:15–2:30 p.m.

General Session Continued & Grab Bag Topics
2:30–4:00 p.m.

Wrap-up and Skills Assessment: Audit Function Jeopardy (with Prizes)

Supervisory Committee Development Seminar Concludes
4:00 p.m.

Hotel

Portola Hotel & Spa at Monterey Bay
Two Portola Plaza
Monterey, CA 93940
831.649.4511

The CUES discounted rate at Portola Hotel & Spa is $299 per night for single/double occupancy. The rate is good from Saturday, July 27, 2024 – Saturday, August 3, 2024. The group rate will be made available two (2) days (July 25-26) before the meeting dates and two (2) days (August 4-5) after the meeting dates, if the hotel is selling rooms and subject to availability for the same room type.

Please make your hotel reservations prior to Friday, July 5, 2024, online or by calling the hotel toll free at 866.711.1734 and mentioning CUES Seminar Series 2024. The hotel may accept reservations after July 5th; however, room rates and availability are not guaranteed, so early reservations are recommended.

*Remember that all hotel arrangements are strictly between you and the hotel. In the event you are unable to make the seminar (e.g. your flight is canceled), you are responsible for calling the hotel to cancel your room reservation.

Check-in time is 4:00pm and check-out time is 12:00pm. The hotel’s policy requires a credit card swipe and authorization upon check-in.

Air Travel

The Monterey Regional Airport (MRY) is 3.5 miles from the resort and the San Jose Airport (SJC) is 74 miles from the hotel.

Ground Transportation

A variety of ground transportation options are available at the Monterey Airport (MRY) including shuttles, taxis, and ride share services.

CUES has negotiated a discount when you book with Enterprise and National for this meeting. Be sure to reference account number OSMB44A when making all reservations and consider enrolling in their respective loyalty programs for additional benefits.

Parking

The hotel offers self and valet parking with 24-hour security. Self-parking is $22.00 and valet parking is $27.00 per night for registered hotel guests. Parking charges are subject to change and are subject to applicable taxes.

FAQ

Who Should Attend CUES Supervisory Committee Development Seminar?

CUES Supervisory Committee Development Seminar is for credit union directors, board chairs, board officers, supervisory committee members, CEOs, and past attendees of CUES Director Development Seminar.

What does my registration fee include?

Your registration fee includes:

All educational sessions & materials
Breakfast, lunch and breaks on Monday and Tuesday

I’m registered; where can I get more information?

Right here! It contains everything you need to know about attend this event, including:

Where to stay
What airport to fly into, and other transportation information
When to arrive
What to pack
Spouse/guest information, if applicable

Information Packet

What is CUES’ cancellation policy?

ALL CANCELLATIONS MUST BE IN WRITING. (cues@cues.org)

Prior to 60 days – full refund
31-60 days before start of event – 50% refund
0-30 days before start of event – no refunds or credits for future events given

Due to financial obligations incurred by CUES, no refunds or credits will be issued on cancellation requests less than 30 days prior to the start of the event. Substitute attendees are welcome, subject to eligibility.

CUES reserves the right to cancel or reschedule the event due to unforeseen circumstances, and will refund fees if the event is rescheduled or location is changed and you are unable to attend.

Will I earn Continuing Professional Education (CPEs) credits for attending?

Yes! Supervisory Committee Development Seminar meets the following standards:

CPE credits earned: up to 15.5
Program Level: Overview
Delivery Method: Group-Live
Advanced Preparation: No advance preparation is required
Prerequisites: Not required for this program

CUES is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors, through its website linked above.

I have special dietary, mobility, or accessibility needs; can you accommodate me?

The comfort and well-being of our attendees is of utmost importance to us; we will make every effort to make sure you are comfortable at our events!

Please email events@cues.org as soon as you know you’re attending a CUES event. Be sure to include your name, credit union, the CUES event you are registered for, and everything we need to know to accommodate your request.

We’ll be in touch with any questions we have, and let you know how we can help.

What should I wear?

Plan on business casual attire. We suggest you bring a sweater or jacket along in case you find the meeting room temperature chilly.

What is available for my guest?

Meal Plan Option (separate registration required):

Your companion is welcome to join you for breakfast, lunch, and afternoon breaks.

The cost for the meal plan is $375. A badge is required for these meal functions.

Overview

Turn your supervisory/audit committee into a strategic asset.

Under the guidance of an expert, take a deeper look into the impact your committee’s actions have on your credit union.

Your Role as a Supervisory/Audit Committee Member
Understanding Your Audit Universe and Priorities
The Month-to-Month Work
Your Relationship with the Auditors and Consultants
Reviewing Your Audit Reports

Make sure you are up to the task, and fully understand your roles and responsibilities. Learn more by visiting our “Agenda” tab. Questions? Contact us or email events@cues.org.

Register today!

Supervisory/Audit Committee Development Seminar focuses on leadership, governance, marketing and operations.

Subscribe to receive more information on Supervisory/Audit Committee Development Seminar.

Scott Worthington

Supervisory Committee Chair

Park Community Credit Union

asset size — $907 million

Network with Your Peers

Supervisory Committee Development Seminar Attendees by Title

14

Attendees will spend 14 hours learning with their peers.
15.5

You will earn up to 15.5 Continuing Professional Education credits for attending Supervisory Committee Development Seminar.

Why Attend?

Supervisory/Audit Committee and Board Members

Your role as part of the supervisory or audit committee, and the decisions you make, are vitally important to the health and well-being of your credit union. Attend and walk away with practical tips and tools you can use right away.
Gain an understanding of the current regulatory environment, including the NCUA’s supervisory committee rules.
Take a deep dive into your audit universe and priorities.
Explore your CU’s strategic objectives.
Discover new ways to organize your committee’s agenda.
Learn to re-allocate resources based on current events.
Create a comprehensive audit plan.
Meet other supervisory and audit committee members, and develop a network of colleagues you can reach out to after the seminar is over.

CEOs: Why Send Your Supervisory/Audit Committee Members to this Event?

High performing boards lead to high performing credit unions. Your supervisory or audit committee members will learn best practices that will ultimately improve your board's functionality and in turn your credit union as a whole.
The seminar focuses on the practical rather than the theoretical. Your supervisory/audit committee members head home with tools and ideas ready to implement.
The supervisory/audit committee and the decisions it makes are vital to the health of your CU; sending your committee members is an investment in your credit union's future.
Keeping up with the ever-changing CU environment is imperative; the seminar is a must attend for new and veteran board members alike.
You can be confident knowing your supervisory/audit committee is functioning at its best.
Plus, your supervisory/audit committee members will:
- Walk away with practical tips and tools they can use right away.
- Meet others in the same role, and develop a network of colleagues they can reach out to after the seminar is over.

Thank You to Our Sponsors

Sponsorship Opportunities

If you’re looking to connect with dedicated, responsible credit union directors, will find them here.

Learn More

Agenda

Tuesday, July 30

Pre-Conference Fundamentals Workshop

(Separate Registration Required)

Breakfast & Registration
8:00–8:30 a.m.

Session
8:30 a.m.–9:45 a.m.

Introduction to the Supervisory Committee
Ancin Cooley, Principal, Synergy Credit Union Consulting

Networking Break
9:45–10:00 a.m.

General Session Continued
10:00 a.m.–11:45 a.m.

Key Responsibilities of Committee Members
Ancin Cooley, Principal, Synergy Credit Union Consulting

Lunch
11:45 a.m.–12:45 p.m.

Session
1:00–2:00 p.m.

The Practical Work of a Supervisory Committee Member
Ancin Cooley, Principal, Synergy Credit Union Consulting

Learning Outcomes: Participants will develop skills for effective committee membership, encompassing task management, meeting facilitation, and role-specific responsibilities.

Skills: Building capabilities in areas such as time management, prioritization, effective meeting conduct, agenda setting, and leadership.

Networking Break
2:00–2:15 p.m.

Session
2:15–4:00 p.m.

Understanding Key Responsibilities in Depth
Ancin Cooley, Principal, Synergy Credit Union Consulting

Wednesday, July 31

Breakfast & Registration
7:30–8:00 a.m.

Session
8:00 a.m.–10:00 a.m.

Opening Session: Risk Management and Audit Governance for Supervisory and Audit Committee
Ancin Cooley, Principal, Synergy Credit Union Consulting

Workshop 1:

Strategic and Succession Planning for Supervisory and Audit Committees
Fundamentals of Risk in Credit Unions (Credit, Liquidity, Interest Rate, Transaction, Compliance)
Keys to Audit Universe Development

Morning Networking Break
10:00–10:15 a.m.

Session
10:15 a.m.–12:00 p.m.

Workshop Session 2
Ancin Cooley, Principal, Synergy Credit Union Consulting

Audit Risk Identification and Prioritization
- Liquidity and Interest Rate Risk Discussion
- Member Lending Risks
- Compliance Risk Mgmt vs. Compliance Audits
Creating the Annual Audit Calendar with your Internal Auditor (or Outsourced Audit function)
Creating and Reviewing the Audit Budget

Lunch
12:00–1:00 p.m.

Session
1:00–2:15 p.m.

Workshop Session 3
Ancin Cooley, Principal, Synergy Credit Union Consulting

Selecting the (Internal and External) Audit Firms (Proposal Evaluation Examples)
Recruiting and Selecting an Audit Leader (Resume Examples and Interview Question Examples)
Evaluating the effectiveness of the Audit function (360 Feedback Examples)

Afternoon Networking Break
2:15–2:30 p.m.

Session
2:30–4:00 p.m.

Workshop Session 4
Ancin Cooley, Principal, Synergy Credit Union Consulting

Monthly Tasks and Responsibilities
Enhancing Meeting Efficiency
Understanding the Various Audit Reports
Reviewing and Managing Audit Follow-Up Items
Dealing with Regulatory DORS
Supervisory/Audit Committee Chair Responsibilities

Thursday, August 1

Breakfast
7:30–8:00 a.m.

Session
8:00–10:00 a.m.

Workshop Session 5
Ancin Cooley, Principal, Synergy Credit Union Consulting

Group Case Study: ZAP! You are transported to a different credit union. What is missing from their Supervisory/Audit Committee Processes?

Networking Break
10:00–10:15 a.m.

General Session
10:15 a.m.–12:00 p.m.

Workshop Session 6
Ancin Cooley, Principal, Synergy Credit Union Consulting

Group Activity: Develop Your Supervisory/Audit Committee’s Strategic and Succession Plan.

Lunch
12:00–1:00 p.m.

Session
1:00–2:15 p.m.

Workshop Session 7
Ancin Cooley, Principal, Synergy Credit Union Consulting

Group Role Play and Discussion: Mending Fences: Fix a fractured relationship between management and the audit function.

Networking Break
2:15–2:30 p.m.

General Session Continued & Grab Bag Topics
2:30–4:00 p.m.

Wrap-up and Skills Assessment: Audit Function Jeopardy (with Prizes)

Supervisory Committee Development Seminar Concludes
4:00 p.m.

Speakers

Travel & Lodging

Hotel

Portola Hotel & Spa at Monterey Bay
Two Portola Plaza
Monterey, CA 93940
831.649.4511

Check-in time is 4:00pm and check-out time is 12:00pm. The hotel’s policy requires a credit card swipe and authorization upon check-in.

Air Travel

The Monterey Regional Airport (MRY) is 3.5 miles from the resort and the San Jose Airport (SJC) is 74 miles from the hotel.

Ground Transportation

A variety of ground transportation options are available at the Monterey Airport (MRY) including shuttles, taxis, and ride share services.

Parking

FAQ

Who Should Attend CUES Supervisory Committee Development Seminar?

What does my registration fee include?

Your registration fee includes:

All educational sessions & materials
Breakfast, lunch and breaks on Monday and Tuesday

I’m registered; where can I get more information?

Right here! It contains everything you need to know about attend this event, including:

Where to stay
What airport to fly into, and other transportation information
When to arrive
What to pack
Spouse/guest information, if applicable

Information Packet

What is CUES’ cancellation policy?

ALL CANCELLATIONS MUST BE IN WRITING. (cues@cues.org)

Prior to 60 days – full refund
31-60 days before start of event – 50% refund
0-30 days before start of event – no refunds or credits for future events given

Will I earn Continuing Professional Education (CPEs) credits for attending?

Yes! Supervisory Committee Development Seminar meets the following standards:

CPE credits earned: up to 15.5
Program Level: Overview
Delivery Method: Group-Live
Advanced Preparation: No advance preparation is required
Prerequisites: Not required for this program

The cost for the meal plan is $375. A badge is required for these meal functions.