LSCU COOP / Education / Events Calendar / LSCU Conferences & Workshops / 2012 Supervisory Committee Conference

2012 LSCU Supervisory Committee Conference

Sunday, August 5, 2012

1:30pm - 3:30pm        NEW! Pre-Conference Workshops (Additional fee $75 per person)

  • Directors Institute A: V429 Overseeing the Annual Audit by Outside Parties - David LeNoir, LSCU Member Relations Specialist & Keith McMurtrie, LSCU VP, Audit & Consulting: Managing the audit process is an important task for the supervisory committee. Preparing for and executing an audit helps boards keep their credit union compliant and informed about the soundness of the credit union. Through this course, you will learn the supervisory committee's specific responsibilities when it comes to the annual audit and how to differentiate and define the different types of audits. 
  • Directors Institute B: V303 The Supervisory Committee’s Role in Due Diligence – Laura Vann, LSCU VP, Cooperative Initiatives: Outsourcing is an increasingly common way for credit unions to offer more products and services. How do you choose the right vendor to ensure that the work is done to your standards? The supervisory committee must make sure that adequate due diligence is taking place. This course will walk you through the necessary details while making sure there is adequate transparency and ongoing communication with the credit union management.

3:30pm - 6:00pm        Conference Registration

5:00pm - 6:00pm        Welcome Reception                               

Monday, August 6, 2012

7:30am – 3:15pm        Conference Registration

7:30am – 8:30am        Breakfast for Attendees and Registered Guests

8:30am - 10:00am       Opening General Session

Captain or Commander: Who’s Sailing the Ship? –  Tim Harrington, CPA, President, TEAM Resources
Who is guiding your credit union? The supervisory committee? The CEO? The board? What is the role of the CEO and Board in the Audit Process? What is the role of the CEO and the Board Overall? Do all the major Governance players know where there responsibilities start and end? Should we be evaluating ourselves as a Committee and should we be evaluating how effectively the Board is carrying out its governance function? These are important questions we all must clarify for the credit union to be efficient, effective and the best at serving its members. While the board’s role is to set the course of the credit union, it is the CEO’s role to steer the ship. At the same time, it is the supervisory committee’s role to ensure risk is understood, monitored, and managed. This session discusses why the distinction between these three roles can lead to a successful voyage or to the dashing of your ship against jagged rocks. And you'll find out just how important the Supervisory Committee is in this whole process.

10:00am - 10:30am    Beverage Break

10:30am - 12:00pm    Breakout Sessions

  • A. Fundamentals of the Supervisory Committee: Basics – the “Who, What and When” –  Laura Vann, LSCU VP, Cooperative Initiatives & David LeNoir, LSCU Member Relations Specialist: This session will acquaint the supervisory committee volunteers with the basic functions and responsibilities of the job. It will provide an excellent overview of who should be on the committee, what the job entails, and when action is called for. This will be a perfect session for new volunteers, as well as seasoned committee members that want to renew their knowledge about the nature and functions of the supervisory committee.
  • B. The Supervisory Committee of the 21st Century – Tim Harrington, CPA, president, TEAM Resources: In the old days, supervisory committees reviewed loan files, performed cash counts, and confirmed closed accounts. Oh boy, have times changed. The modern supervisory committee must understand the myriad risks facing the credit union and understand if proper controls are in place as well as how to interact with the outside audit firm on a professional basis in order to glean everything it can from this key ally in the audit process. The modern supervisory committee must learn how to guide, supervise and evaluate both the internal audit department and the external auditors. The role of the committee has changed dramatically. If the committee really wants to do its job well and be a true, professional partner in the protection of the credit union, it must understand its role in the changing credit union environment.

12:00pm - 1:00pm      Group Luncheon for Attendees and Registered Guests

1:05pm – 2:00pm        Best Practices Roundtable Discussion

Best Practices Roundtable Discussion – Facilitated by Laura Vann, LSCU VP, Cooperative Initiatives & April Ales, LSCU Member Relations Specialist
This exciting session will be led by credit union professionals from Alabama and Florida. Challenges, successes, and lessons-learned will be shared, leading to lively discussions dealing with the realities of serving on the supervisory committee. Particular attention will be given to scenarios which arise regularly within credit unions, calling for action by the volunteers. Don’t miss this highly interactive discussion, which will explore all areas of the committee’s work.

2:00pm – 3:30pm        General Session

What Does NCUA Want? Depth and Documentation – Lisa Terrell, NCUA Economic Development Specialist
The depth of your supervisory committees activities and how you document them often impacts the scope of the NCUA Examination. Lisa will explore practices that NCUA examiners wish every supervisory committee had in place. The session will end with “Regulatory Jeopardy” with prizes for “Supervisory Committee Superstars.”  

3:30pm                        Adjourn for the day 

Tuesday, August 7, 2012

7:30am - 8:30am        Breakfast for Attendees and Registered Guests

8:30am- 10:00am       General Session

U.S. Economic Outlook & its Impact on Financial Institutions – Steven Rick, senior economist, CUNA
Steve will discuss how the global economy, the overall financial sector and the stressed labor market will affect the U.S. economy, U.S. interest rates, and ultimately credit union balance sheet and earnings performance. He will analyze and establish standards against which your credit union’s own performance can be measured. Mr. Rick will also identify trends of savings and loan activity and weigh the influence of future economic events on growth patterns out into 2013.

10:00am - 10:30am    Beverage Break

10:30am - 12:00pm    Breakout Sessions 

  • A. Fundamentals of the Supervisory Committee: Advanced – the “Why and How” – Laura Vann, LSCU VP, Cooperative Initiatives & David LeNoir, LSCU Member Relations Specialist: We will dig deeper than the basic session, revealing exactly why the supervisory committee is essential to the safety and soundness of the credit union. Information will be presented regarding how to best carry out the duties of the position, as well as how to deal with regulators, auditors, the board, and management. This is the "nuts and bolts" of your activities on the supervisory committee and is an excellent session for existing committee members and essential for new ones.
  • B. IT RISK: New Ways to Manage Your Information Risk – Catherine Bruder, CPA.CITP, CISA, CISM, CTGA, MSPA, director, Audit and Information Technology Assurance, Doeren Mayhew: Information technology is fundamental in credit unions. It is not a matter of “if” we are going to implement new technology but instead “how” and “when” we are going to implement new technology. We will look at issues such as IT risk management, IT governance, privacy concerns, data protection, and mobile security. Join in for a lively discussion of current topics in IT risk management and trends in credit union IT.

12:00pm - 1:00pm      Group Luncheon for Attendees and Registered Guests

1:15pm – 2:30pm        Breakout Sessions

  • A. Bank Secrecy Act Compliance for Volunteers - April Ales, LSCU Member Relations Specialist: This session will provide the REQUIRED training set forth by NCUA, for supervisory committee members as well as other credit union volunteers. Regulatory requirements, compliance challenges, and operational issues with the Bank Secrecy Act will be covered in detail. BSA has become a real hot-button issue with regulators, and this session will ensure that attendees are up-to-date on what the credit union has to do to comply. Excellent choice for all credit union volunteers! Attendees participating in this session will receive a certificate of attendance.
  • B. Enterprise Risk Management – Robin Hoag, CPA, CMC, director, Financial Institutions Group, Doeren Mayhew

2:30pm – 2:40pm        Afternoon Break 

2:40pm – 3:15pm        General Session

The Value of Advocacy in the Credit Union Movement - Jared Ross, LSCU VP, Governmental Affairs: Once again it is time for voters to make important decisions on the direction of our country. We are now in an age where information and knowledge overwhelm not only state and federal government decision makers, but also our own credit union members and the general public every single day. Where some see information overload, others see opportunity. In the credit union world, the opportunity to be involved and make a difference has never been greater. Advocacy truly can make a difference, a difference we have seen in the way credit unions are viewed in Washington, Montgomery and Tallahassee. Lawmakers make decisions that affect each and every one of us and our credit unions. It is up to us to let our voices be heard, today, tomorrow and on election day! The value of advocacy in the credit union movement has never been greater. Learn what issues are currently facing credit unions and how we can make a difference together.

3:15pm                      Adjourn for the Day

Wednesday, August 8, 2012  

7:30am - 8:30am        Breakfast for Attendees and Registered Guests

8:30am - 10:00am      Closing General Session TBD – Robin Hoag, CPA, CMC, director, Financial Institutions Group, Doeren Mayhew

11:00am                    Hotel Check-out

Registration Information
$495 Attendee - Includes All Education Sessions, Conference Notebook, Welcome Reception, 3 Buffet Breakfasts, 2 Lunches
$155 Guest - Includes Welcome Reception, 3 Buffet Breakfasts, 2 Lunches
$75 Pre-Conference Workshop - Includes One Director's Institute Session, Session Book, Session Exam

Hotel Information
Hilton Sandestin Beach Golf Resort & Spa
Reservation Phone Number: 800.367.1271
Reservation Code: LSC
Group Room Rate: $209 per night (standard room)
Group Rate Cutoff Date: Friday, July 6, 2012

To apply for a scholarship to this event please click here or contact Laura Vann, LSCU VP, Cooperative Initiatives, 866.231.0545 x2181.

Small Asset Sized (SAS) CU Initiative Account
SAS credit unions ($50 million in assets or less) may apply a portion of their $500 SAS CU Initiative Account to the registration fee for this event or any LSCU or League Service Corporation product and/or service. In order to apply a portion of your credit unions SAS Initiative Account to the LSCU Supervisory Committee Conference, contact Brandy Norvell, LSCU Events Coordinator, Education, 866.231.0545 x2172.