Credit Union Supervisory Committee Training, Work Plans, and Management

Today’s credit unions are faced with the ever increasing complexities of regulatory scrutiny and compliance standards. Because of the expanding and evolving changes of the NCUA requirements for Supervisory Committees to follow, it is often one of the more difficult volunteer positions for a credit union to fill.

It’s a challenge for the credit union Board of Directors to find volunteers with applicable experience, and it’s a demanding responsibility for those who do accept those volunteer positions. 

At Griffin & Furman we go beyond assisting with the audit and compliance requirements, with even greater success from the comprehensive support we offer to Supervisory Committees.


Training for Supervisory Committee Volunteers

The NCUA requirements for Supervisory Committees get more complex every year with increasing regulatory scrutiny and compliance demands. 

We offer comprehensive training for annual responsibilities review of the Supervisory Committee.  Our training is customized to support those volunteers with quality control, monitoring, and audit and report review guidelines.

This training is beneficial for existing and new volunteers and reflects the most up-to-date guidelines.  

Four Quarter Work Plan to Fulfill the Role of the Internal Auditor

A four quarter work plan helps us to collaborate with credit union management and to take responsibility for the overall internal audit needs.  

Every credit union has unique needs, and we customize the work plan for each credit union.  The customized, four quarter work plan is an organizational tool that helps us 

      • identify operational and compliance risks, 
      • make recommendations aligned with policies and regulations, 
      • and to review for improvements with the goal of decreasing risks. 

Also built into the four quarter work plan is a schedule of follow up actions to ensure all appropriate actions are taken on audit findings and recommendations.  We have found that this is incredibly beneficial to credit union Supervisory Committees, so it is an integral part of our plans.

“Stephen Griffin has been a tremendous help in getting our Supervisory Committee organized allowing our busy volunteers to focus on the big picture. With a few brand new members of the committee, Stephen has been proactive and patient in helping onboard and educate them so they can quickly be productive members.”

Xplore Federal Credit Union

J. T. Hannan, Supervisory Committee Chair, and Neil Johnston, Board Chair

12 Month Work Plan for the Supervisory Committee

Because Supervisory Committees are comprised of volunteers with limited time they are able to give, we consistently hear from credit unions that they need a schedule of work to structure those meetings.  Our 12 month work plan has been developed over time to structure those Supervisory Committee meetings with a clear agenda and defined action items.  

This provides the framework needed to make Supervisory Committee meetings much more productive and valuable, and the organization of the 12 month work plan helps to make the most of the volunteers’ time, which shows a respect and appreciation for their time and effort freely given.  


Supervisory Committee Meeting Management

To support the 12 month work plan, we also personally attend your Supervisory Committee meetings.  So that your volunteers can concentrate on their responsibilities, we manage the administrative tasks by planning the agendas and establishing action plans. 

While at the meetings, we also keep the minutes, and to assist in the completion of pending action items, we follow-up to ensure those next steps are completed prior to the next meeting. 

At Griffin & Furman we enjoy developing a respectful, cooperative relationship with our credit union clients as well as external contacts, such as those NCUA examiners we frequently work with.  A respectful and cooperative spirit with both the internal and external stakeholders is the foundation of trust and professionalism. 

If your credit union Supervisory Committee is facing the ever-growing list of guidelines and requirements, please call us to discuss the specific needs of your financial institution.

Stephen Griffin CPA
Robert Furman CPA
Angela M. Warden
Stephen Griffin CPA
Robert Furman CPA


2270 7th St., Suite 1
Mandeville LA 70471
(985) 727-9924 Phone

West Monroe

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