Supervisory/Audit Committee Development Seminar

Building an Adaptable Structure

*Separate registration required.

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

Session
8:30–9:45 a.m.

Laying the Foundation – The Role & Impact of the Supervisory/Audit Committee
Ancin Cooley, Principal, Synergy Credit Union Consulting

It is important to understand the core purpose of the Supervisory Committee, recognizing its fundamental role within the organization. Examining its historical evolution and modern-day relevance provides valuable context for how the committee has adapted over time. Additionally, learning how committees can shift from passive oversight to proactive governance is key to maximizing their effectiveness and ensuring they add meaningful value in today’s dynamic environment.

Skills Developed: 

• Clarity on the committee’s mission
• Understanding of how governance failures impact institutions
• Knowledge of how successful committees drive credit union performance
   

Morning Networking Break 
9:45–10:00 a.m. 

Session
10:00–11:45 a.m. 

Constructing the Framework – Key Responsibilities of Supervisory/Audit Committee Members
Ancin Cooley, Principal, Synergy Credit Union Consulting

It is essential to identify and differentiate between the committee’s strategic and operational responsibilities to ensure clarity in its role and focus. Additionally, understanding the fiduciary, legal, and ethical obligations of committee members is critical to fulfilling their duties with integrity and accountability. Equally important is the ability to anticipate and manage regulatory expectations, allowing the committee to stay ahead of compliance requirements and support the organization's long-term success.

Skills Developed:

• Recognizing audit & risk oversight responsibilities
• Understanding NCUA expectations for Supervisory Committees
• Applying practical decision-making skills
   

Lunch
11:45 a.m.–12:45 p.m.     

Session
12:45–2:00 p.m.

Strengthening the Beams – The Practical Work of a Supervisory/Audit Committee
Ancin Cooley, Principal, Synergy Credit Union Consulting    

Learning how to conduct effective meetings with focused agendas is essential to ensuring productive discussions and meaningful outcomes. Mastering time management and prioritization helps committee members stay organized and efficiently handle their responsibilities. Additionally, developing skills for clear and actionable reporting is crucial for communicating insights, decisions, and progress in a way that drives informed action and supports overall governance effectiveness.

Skills Developed: 

• Running high-impact meetings
• Understanding the audit process and key deliverables
• Improving communication between the committee and management
   

Afternoon Networking Break 
2:00–2:15 p.m. 

Session
2:15–4:00 p.m.

Reinforcing the Structure – Deep Dive into Key Responsibilities
Ancin Cooley, Principal, Synergy Credit Union Consulting   

Gaining a deeper understanding of the committee’s duties in risk management is key to ensuring strong organizational oversight. Learning how to review and challenge audit findings effectively further strengthens the committee’s ability to safeguard the organization’s integrity. Additionally, understanding how to apply oversight through real-world case studies provides practical insights and helps translate knowledge into effective governance practices.

Skills Developed: 

• Proactive risk management techniques
• Reviewing audit reports with confidence
• Navigating compliance challenges

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

Opening Session
8:00–10:00 a.m.

Understanding Risk & the Role of the Supervisory Committee
Ancin Cooley, Principal, Synergy Credit Union Consulting   

Develop a comprehensive understanding of how various types of risks such as credit risk, operational risk, compliance risk, and reputational risk—manifest within credit unions and impact their overall safety and soundness. Explore how these risks can arise from lending practices, internal processes, regulatory requirements, and member services. Additionally, gain insight into how audits are designed to assess and test the effectiveness of internal controls, policies, and procedures put in place to mitigate these risks. This includes learning how auditors identify potential vulnerabilities, evaluate the adequacy of risk management strategies, and provide recommendations to strengthen the credit union’s control environment and ensure long-term stability.

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

Session
10:15 a.m.–12:00 p.m. 

Navigating Risk Landscape
Ancin Cooley, Principal, Synergy Credit Union Consulting  

The Risk Landscape – Why Supervisory Committees Must Lead on Risk Oversight

• Lessons from past financial failures
• Identifying key risk areas

Credit Risk – Ensuring Strong Lending & Underwriting Controls

• The Universe of Consumer Lending Audits
• Your MBL and Consumer Lending Participation portfolios 

Interest Rate Risk (IRR) – Understanding the Role of ALM Audits

• How rate changes impact the balance sheet
• ALM audits
• Model Validation Reviews 
   

Lunch
12:00–1:00 p.m.     

Session
1:00–2:15 p.m.

Safeguarding Financial Stability
Ancin Cooley, Principal, Synergy Credit Union Consulting   

Liquidity Risk – Ensuring Access to Funds in a Crisis

• Contingency Funding Plan Audits & Stress Testing

Transactional Risk – Strengthening Operational Controls

• Cybersecurity, ACH, wire transfer, & fraud audits

Fraud Risk – Strengthening Internal Controls & Fraud Prevention

• Employee fraud, branch operations, & vendor risk audits
   

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

Session
2:30–4:00 p.m.

Auditing Enterprise Risk Management & Governance Structure
Ancin Cooley, Principal, Synergy Credit Union Consulting

Understanding how enterprise risk management frameworks align with governance is essential to ensure that risk management practices support the credit union’s strategic objectives and regulatory obligations. The Supervisory Committee plays a key role in evaluating the effectiveness of the ERM framework by assessing whether risks are properly identified, monitored, and managed across the organization. As part of this responsibility, the committee is also involved in testing controls during risk oversight audits to verify that appropriate safeguards are in place and function as intended. Additionally, auditing governance processes helps ensure that leadership structures, decision-making procedures, and accountability measures align with best practices and regulatory expectations, further strengthening the overall risk management environment.

Breakfast
7:30–8:00 a.m.       

Session
8:00–10:00 a.m.

The Year-Round Supervisory Committee Cycle – From Fourth Quarter to Fourth Quarter
Ancin Cooley, Principal, Synergy Credit Union Consulting    

We will recap the previous day as well as review topics for day 2.   

Networking Break 
10:00–10:15 a.m. 

General Session
10:15 a.m.–12:00 p.m. 

Strategic Risk & Audit Planning: A Year-Round Approach to Financial Oversight
Ancin Cooley, Principal, Synergy Credit Union Consulting    

Q4 (Oct-Dec): Year-End Wrap-Up & Next Year Planning

• Annual audit wrap-up, third-party evaluations, risk universe updates

Q1 (Jan-Mar): Laying the Foundation for a Strong Year

• Launching the audit plan, regulatory filings, internal control assessments

Q2 (Apr-Jun): Mid-Year Risk Monitoring & Adjustments

• Audit follow-ups, emerging risk reviews, training needs assessment’

Q3 (Jul-Sep): Preparing for Year-End & Future Risk Planning

• Budgeting for audits, board & ALCO collaboration, regulatory readiness
   

Lunch
12:00–1:00 p.m. 

Session
1:00–2:15 p.m.

Preparing for Board Leadership
Ancin Cooley, Principal, Synergy Credit Union Consulting   

Transitioning from Supervisory Committee to ALCO, Risk, and Board roles
 

Networking Break 
2:15–2:30 p.m. 

Session
2:30–4:00 p.m.  

Supervisory Committee Jeopardy and Wrap-Up

• Review of key learnings
• Interactive governance and risk-based quiz
   

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

The Newport News/Williamsburg International Airport (PHF) is 18.5 miles from the hotel and the Richmond International Airport (RIC) is 45 miles from the hotel.

A variety of ground transportation options are available at the Newport News/Williamsburg International Airport, including shuttles, taxis, and ride-share services.

CUES has negotiated a discount when you book with Enterprise and National for this meeting. You can take advantage of our discounted rates by booking online using the below links. Be sure to reference account number SMB3601 when making all reservations.
 
Enterprise Reservations | National Reservations

We also invite you to enroll in the Emerald Club loyalty program. As an Emerald Club member, you can bypass the counter and choose your own vehicle, earn free rental days, receive arrival & return alerts, receive e-receipts, and maximize benefits while still enjoying our CUES corporate discount. Click here to enroll in Emerald Club (Emerald Club benefits applicable to both Enterprise & National reservations).  
 

The hotel offers self-parking for $20 per day for registered hotel guests. Parking charges are subject to change and are subject to applicable taxes.

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

Your registration fee includes:

• All educational sessions & materials
• Breakfast, lunch and breaks on Wednesday and Thursday

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

INFO SHEET

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.

Yes! Supervisory/Audit 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.

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.

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

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 $325. A badge is required for these meal functions.