CU Knowledge & Committee Governance - 16 credits

Level 1 Credit Options
Choose a maximum 6 credits from below:

Level 2 Credit Options
Choose a minimum 10 credits from below:

VAP Course
V300 Supervisory Committee Duties and Responsibilities (2 credits)

Trainng on Demand
10 Ratios Every Volunteer Should Know (2 credits)

RegTraC
RegTraC Level 1 (6 credits)

Conferences and Schools
2008 CUNA Supervisory Committee & Internal Audit Conference Pre-Conference Workshop (7 credits)*
2008 CUNA CU Finance for Non-Financial Managers School (6 credits)*
2008 CUNA CU Finance for Non-Financial Managers eSchool (6 credits)*

CUNA Supervisory Committee & Internal Audit Conference Breakout Session:
Financial Statements: CU vs. For Profit and How to Read Them for What You Need (3 credits)

Handbooks (4 credits each)
Directors Handbook for Credit Union Regulations
Supervisory Committee Handbook

Annual Audit Requirements - 12 credits

Level 1 Credit Options
Choose a maximum 4 credits from below:

Level 2 Credit Options
Choose a minimum 8 credits from below:

VAP Courses (2 credits each)
V301 Auditing 1
V302 Auditing 2
V304 The Supervisory Committee’s Role in Finding Fraud **

Training on Demand
The Supervisory Committee’s Role in Finding Fraud (2 credits)

Conference
2008 CUNA Supervisory Committee & Internal Audit Conference Pre-Conference Workshop (7 credits)*

CUNA Supervisory Committee & Internal Audit Conference Breakout Sessions:
Credit Union Issues credits from an Auditor’s Perspective (3 credits)
Knowing the Signs of Fraud (3 credits)
Fraud Prevention: Having the Controls in Place (3 credits)
When Fraud Occurs: When to Hire the Expert Investigator (3 credits)

Risk Assessments/Audit Plan - 10 credits

Level 1 Credit Options
Choose a maximum 4 credits from below:

Level 2 Credit Options
Choose a minimum 6 credits from below:

VAP Course
V305 The Basics of Risk Assessment (2 credits)**

Training on Demand (2 credits each)
The Basics of Risk Assessment
The Basics of Internal Control **

Conference
2008 CUNA Supervisory Committee & Internal Audit Conference Pre-Conference Workshop (7 credits)

CUNA Supervisory Committee & Internal Audit Conference Breakout Sessions:
The Enterprise Risk Management Approach (3 credits)
The Risk Based Audit Program (3 credits)
Creating an Effective Risk Assessment: How to Determine the Risk Factors (3 credits)
Identifying and Testing the Controls (3 credits)

Internal Audit - 12 credits

Level 1 Credit Options
Choose a maximum 4 credits from below:

Level 2 Credit Options
Choose a minimum 6 credits from below:

VAP Course
V303 The Supervisory Committee’s Role in Due Diligence (2 credits)**

Training on Demand
The Supervisory Committee’s Role in Due Diligence for Third-Party Vendors (2 credits)

Conference
2008 CUNA Supervisory Committee & Internal Audit Conference Pre-Conference Workshop (7 credits)*

CUNA Supervisory Committee & Internal Audit Conference Breakout Sessions:
Everything is Negotiable! The Secrets to Effective 3rd Party Contract Negotiation (3 credits)
From Copy Paper to Core Processor: A Practical Guide to Conducting a Due Diligence Risk Assessment (3 credits)
Cracking the Financial Code: The Keys to Reviewing and Assessing a Vendor’s Financial Statements (3 credits)
Managing the Outsourced Internal Audit Relationship (3 credits)
IT Security: What Can go Awry, and How to Prevent It (3 credits)
The SAS 70 – What to Look for in IT (3 credits)

Board Operations & Development - 10 credits

Level 1 Credit Options
Choose a maximum 4 credits from below:

Level 2 Credit Options
Choose a minimum 8 credits from below:

VAP Courses (2 credits each)
V100 Board of Directors: Duties & Responsibilities
V406 Directors’ Liability
V411 Board Reports
V414 Recruiting, Orienting, & Retaining Board Members
V701 Directing Effective Teams
V702 Maximizing Board Performance

Filene Reports (1 credit each)
Enhancing Board Satisfaction at Credit Unions*
CU Boards & CU Effectiveness*
Recruitment and Selection Practices at Credit Union Boards*

Handbooks
Board of Directors Handbook (2 credits)*
People, Not Profit Handbook (2 credits)*

CUNA Supervisory Committee & Internal Audit Conference Breakout Sessions:
Getting Things Done in Groups (3 credits) Increasing Your Impact (3 credits)

Total: 60 credits

A maximum 22 Level 1 credits are required.

A minimum 38 Level 2 credits are required.

Conference Breakout Sessions
Webinars
Books
VAP Modules
Training on Demand Titles
White Papers
Research Reports

Level
2
2
2
1
1
1
1

Credits
3
3
4
2
2
2
1

Area of Study
varies
varies
varies
varies
varies
varies
varies