Our Supervisory Committee is struggling with how they fit into the overall scheme of thing, specifically what their responsibilities are, why they review the things they do, etc. We are a $500 million+ credit union with one internal auditor. They read "industry standard" type of information, which often is addressed to much smaller credit unions, and get all excited, thinking they need to be performing internal audits! Again and again, it is explained to them that those comments are addressed to committees of much smaller credit unions. We have given them a position description which is apparently not very helpful. I want to put together some information that is more specific to our size of credit union, and help them have a greater sense of their identity and destiny as a Supervisory Committee member. I would welcome anyone's thoughts, ideas, or sharing of any materials you may be providing to your committees. Thanks!
March 29, 2012 - 1:41pm
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