Supervisory/Audit Committee Development Seminar

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

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

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  

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   

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.
 

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  

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

• 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

• 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

• 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 

Breakfast
7:30–8:00 a.m.       

Session
8:00–10:00 a.m.

Workshop Session 5 

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

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   

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    

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

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 Monday and Tuesday

Right here! We're currently working on an information sheet. It will contain 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

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 $375. A badge is required for these meal functions.