Committee Desk

Reference

An annotated map of the authoritative sources, not a copy of them. Regulations change; the official version is always the one to work from.

This is not legal, accounting, or compliance advice. Verify against the official source and your own professional advisors.

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Audit requirements

  • NCUA Other Supervisory Committee Audit Minimum Procedures Guide

    NCUA federal

    If your committee performs the annual audit itself instead of hiring an outside accountant, this is NCUA's own checklist for what that audit has to cover — cash, loans, shares, investments, and more — so you're not guessing at what 'minimum procedures' means in practice.

    Last checked 2026-07-23

  • NCUA Part 715 — Supervisory Committee Audits and Verifications

    NCUA federal

    This is the rule that defines your committee's core annual obligation. It sets out what kind of audit is required based on your credit union's size and charter, who is permitted to perform it, and the minimum procedures that must be covered if the committee conducts the audit itself rather than engaging an outside firm. If you read one regulation in your first month, read this one.

    Last checked 2026-07-23

Governance

  • Federal Credit Union Act — Supervisory Committee Duties (12 U.S.C. § 1761d)

    Congress federal

    This is the actual federal statute behind your committee's job, not just NCUA's regulation. It's where the annual audit, the periodic member account verification, and your committee's power to suspend an officer or call a special members' meeting come from.

    Last checked 2026-07-23

  • NCUA Examiner's Guide — Supervisory Committee

    NCUA federal

    This is the internal manual NCUA examiners use to evaluate your committee during an exam. Reading it tells you what an examiner will actually be checking for, in the examiner's own words, instead of you having to infer it from the regulation alone.

    Last checked 2026-07-23

Accounting

  • NCUA CECL Addendum to the Other Supervisory Committee Audit Guide

    NCUA federal

    If your credit union has adopted the CECL accounting standard for estimating loan and investment losses, this addendum replaces the older allowance-for-loan-loss audit steps with procedures that actually match how CECL works.

    Last checked 2026-07-23