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Wisconsin Credit Union Foundation

Security Officer Reports to the Board: Fulfilling Your Annual Requirement

This fast-moving program focuses on what issues should be reported to the board about physical security and what steps you should be performing to protect the institution in a lawsuit.

May 02, 2017 02:00 PM   -­­  May 02, 2017 03:30 PM
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • IT
  • Executive
  • Board Member

Register

Description

The security/risk management function of the credit union should report to the board at least annually. This fast-moving program focuses on what issues should be reported to the board about physical security. Don’t let the industry standards stated in the NCUA letter 02-CU-12 take your credit union by surprise. This webinar will discuss what steps you should be performing to protect the institution in a lawsuit.

The NCUA’s 12 CFR Part 748 only provides a broad guideline of what your credit union’s physical security program should achieve. Many credit unions are satisfied if the NCUA doesn’t take issue with the credit union’s security program. However, don’t wait for a lawsuit against the security officer, management, and the board (both jointly and individually) to learn the report was missing key items. Information that could help during litigation is very different than what regulators examine for compliance.

Learning Objectives

  • How to report foreseeable events that could bring criminal liability against the board
  • Information that should be reported to the board annually
  • How to present major problems to the board with limited time
  • Why the security officer should report to the board in person
  • New technology such as interactive teller machines that may present physical security problems

Speaker

Barry Thompson, CRCM, Thompson Consulting Group, LLC 

Download the brochure >>