Kansas Department of Credit Unions Title

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Supervisory Committee

The Supervisory Committee shall supervise the acts of the board of directors, credit committee and officers and they must ensure that the two following goals are completed:

1. Management’s financial reporting requirements have been met;
2. Management practices and procedures safeguard the members’ assets.

Additionally, the Supervisory Committee must determine whether the credit union manager has:

a) Established and maintained effective internal controls to achieve the credit union’s financial reporting objectives. These controls must meet the requirements of the Annual Supervisory Committee Audit, the verification of members’ accounts and the accuracy and reliability of accounting data.
b) Promptly prepared accounting records and financial reports to accurately reflect the credit union’s operations and results.
c) Properly administered the relevant plans, policies, and control procedures established by the board of directors.
d) Established policies and control procedures that safeguard against error, carelessness, conflict of interest, self-dealing and fraud.

Current Topics

The next Credit Union Council Meeting is scheduled for September 25 at the Department of Credit Unions, 109 SW 9th Street, Suite 610, Topeka, KS 66612

Risk Based Capital PCA Comment Letter


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Department of Credit Unions
109 SW 9th Street
Suite 610
Topeka, KS 66612
Phone: 785-296-3021
Fax: 785-296-6830
E-mail: kdcuoffice@kdcu.ks.gov