CUNA Supervisory Committee & Internal Audit Conference (SCIAC), the only industry conference specifically designed for supervisory committee members and internal auditors, is being held December 6-8. Click here to register today.
“Our member credit unions are seeking opportunities for in-person training and development, and we can’t wait to welcome them back,” said Todd Spiczenski, chief products and services officer at CUNA. “Our team continues to work closely with the program venues and local public health officials to ensure a healthy and safe environment for attendees.”
SCIAC attendees can anticipate these takeaways from their three days in Las Vegas:
In basic terms, supervisory committees are responsible for ensuring that the board of directors and management of the credit union meet required financial reporting objectives and establish practices and procedures sufficient to safeguard members' assets.
Conference sessions will focus specifically on ways to ensure these duties, as spelled out by the NCUA, are carried out in ways that will satisfy regulators.
Credit unions experience the effects of the country’s economic roller-coaster in their own unique way. During the conference, attendees will hear from Ryan Donovan, chief advocacy officer at CUNA, and Mike Schenk, deputy chief advocacy officer for policy analysis and chief economist for CUNA. Both will present timely updates on what current legal, political and economic factors are having the most impact on the credit union industry.
Along with the responsibilities listed above, supervisory committees also must determine whether:
The NCUA provides the requirements but figuring out how to meet them can be challenging. Sessions at the conference will address how you can perform these duties to the satisfaction of regulators.
This is another focal point of the conference. Experts will present ideas and strategies on strengthening oversight at you credit union. To give you an idea ahead of time, here are some ideas to consider:
This is by no means a comprehensive list, but one which can begin a conversation …
… which you will be able to have with members of other supervisory committees around the United States. Exchanging information on challenges, experiences and goals shared by others in similar roles is a key benefit of networking. It allows you to gain new insights that you may not have otherwise thought of and take even more new ideas away from the conference.
Spots are limited for the conference, which will be based at The Mirage Hotel in Las Vegas, so early registration is advised. Click here to register today.