Services for Supervisory Committees

The Supervisory Committee of a Credit Union safeguards member assets by ensuring that financial statements are accurate and management is operating smoothly. The committee members must follow guidelines set by the National Credit Union Association (NCUA)—and because of the expanding and evolving changes in the NCUA requirements for Supervisory Committees, it is often one of the more difficult volunteer positions for a Credit Union to fill.

At Griffin & Furman, LLC, we go beyond assisting with audit and compliance requirements. We offer full comprehensive support to Supervisory Committees through training, work plans, and management.

Training for Supervisory Committee Volunteers

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

This training benefits existing and new volunteers while reflecting the most up-to-date guidelines.

Four-Quarter Work Plan for Internal Audit

Our four-quarter work plan helps us to collaborate with Credit Union management and take responsibility for the overall internal audit needs.

This organizational tool helps us:

identify operational and compliance risks
make recommendations aligned with policies and regulations
review for improvements to decrease risks

12-Month Work Plan

Our 12-month work plan structures Supervisory Committee meetings with a clear agenda and defined action items, providing the much-needed framework to make meetings more productive and valuable. This plan makes the most of the volunteers' time, promoting respect for their freely-given time & effort.

Meeting Management

To support the 12-month work plan, we are available to personally attend your Supervisory Committee meetings. While volunteers concentrate on their responsibilities, we manage the administrative tasks by planning the schedule and establishing action plans.

Additionally, we keep the minutes and assist in completing pending action items through appropriate follow-up.