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Supervisory Committees in Action: Duties, Challenges & Compliance

Jun 13 2:00 PM - Jun 13, 2022 3:30 PM
Jun 13, 2022 2:00 PM - 3:30 PM
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During these unprecedented times, is your supervisory committee fully functional and adequately safeguarding member assets? Learn the characteristics of a healthy committee and how to meet today’s challenges and regulatory obligations.

Learning Objectives

  • Appreciate the regulatory responsibilities of the supervisory committee
  • Understand NCUA’s 2022 supervisory priorities
  • Access supervisory committee examination guidance
  • Identify and avoid common supervisory committee landmines
  • Describe five traits of an outstanding supervisory committee

The supervisory committee (SC) plays a unique role as the “watchdog” for credit union members. But the financial services world is getting more complex every day and new challenges are waiting around every corner. From balance sheet pressures to increased cybersecurity threats, your risk profile is constantly changing. The SC is specifically tasked with confirming the credit union is safeguarding member assets, complying with applicable rules and regulations, and resolving member complaints.

Your members rely on your training, experience, and keen eye to protect their interests. But what happens when something goes wrong? Is your committee structured to stay ahead of an approaching storm? Join Supervisory Committee member and veteran credit union attorney David Reed as he explores the traits of healthy committees, today’s biggest challenges, and how to ensure full compliance with regulatory obligations.   

Agenda

Speakers

David A. Reed, JD, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.

A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third party contract management, and bankruptcy. 

Location

Fees

$259.00 

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Executive Management
  • Compliance
  • Board Governance