Menu Toggle Search

Governance for Volunteers

Jan 28 2:00 PM - Jan 28, 2020 3:30 PM
Jan 28, 2020 2:00 PM - 3:30 PM

Whether you’ve volunteered for 30 days or 30 years, fully comprehending your governance duties is critical to your credit union.  

Learning Objectives

  • Explain your responsibilities as a credit union volunteer
  • Know which questions to ask your executives
  • Identify the criteria necessary to hire an external auditor
  • Understand the required communications with the external auditor
  • Define the financial literacy requirements, including key ratios  

The board of directors is responsible for credit union affairs and establishing policies. The supervisory committee is responsible for determining whether the credit union is meeting its required financial reporting objectives and properly safeguarding members’ assets. These are BIG responsibilities for unpaid volunteers. This webinar will cover the general and specific responsibilities of volunteers, distinguish between the two different types of audits, and provide current industry ratios/benchmarks to help evaluate your credit union’s financial condition.   



Stephen J.M. Schiltz, CPA, CliftonLarsonAllen LLP

Steve Schiltz is principal with CliftonLarsonAllen’s Tucson office. He began his career with CLA in 2002 and has extensive experience providing assurance and consulting services to credit unions and credit union service organizations. Steve has made presentations to credit union management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars. A licensed CPA in Arizona and Texas, Steve is a member of the AICPA, Arizona Society of CPA’s and the Beta Gamma Sigma Honor Society. He received his bachelor’s in accounting, cum laude, from the University of Arizona in Tucson.   




Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Board Governance

Sponsored By