Supervisory/Audit Committee Member Template for Credit Unions

Members of the Committee are responsible for assisting the Board of Directors (Board) and Senior Management in safeguarding the members’ assets; ensuring the effectiveness of internal controls and the reliability and integrity of financial and operational information; maintaining the effectiveness and efficiency of the Credit Union’s operations; complying with applicable laws and regulations; fostering and evaluating Enterprise Risk Management (ERM) activities to ensure the Credit Union’s long term viability and success; and ensuring the Credit Union has an annual audit conducted in a timely fashion.