PODCAST: Adapting to change
Fort Knox Federal Credit Union’s supervisory committee takes on an enterprise risk management role.
During his 10 years on the supervisory committee, Tim Goblirsch has seen the committee’s role change from one that merely took in information to a group that is now focused on enterprise risk management and the issues a growing credit union faces.
“If we’re going to serve members in every area of their financial lives—whether it’s auto, home, or business lending, or an improved digital platform—we have to be stronger and test ourselves in the areas where there are risks,” says Goblirsch, supervisory committee chair at $1.6 billion asset Fort Knox Federal Credit Union in Radcliff, Ky. “We’re growing as an institution, and the committee has had to grow as well. We need to adapt and be nimble to deal with those challenges.”
Goblirsch is a recipient of the CUNA Supervisory Committee Member of the Year Award.
In this episode of the CUNA News Podcast, Goblirsch talks about how the supervisory committee has changed during his tenure, how his day job helps him with his committee role, advice he has for new supervisory committee members, and more.
In this episode:
1:12: What receiving the award means
2:43: How the supervisory committee has changed
3:54: Why the committee changed from a traditional program to a risk-based program
6:23: How the transformation impacted the credit union
11:04: Advice for new supervisory committee members