Breakout Session #1

Tim Harrington

The Supervisory Committee of the 21st Century
Tim Harrington, TEAM Resources

In the old days, Supervisory Committees reviewed loan files, performed cash counts and confirmed closed accounts. Oh boy, have times changed. The modern Supervisory Committee must understand the myriad risks facing the credit union and understand if proper controls are in place. The modern Supervisory Committee must know how to interact with the outside audit firm on a professional basis and glean everything it can from this key ally in the audit process. The modern Supervisory Committee must learn how to guide, supervise and evaluate both the internal audit department and the external auditors. The role of the Committee has changed dramatically. If the Committee really wants to do its job well and be a true, professional partner in the protection of the credit union, it must understand its role in the Changing Credit Union Environment.

About Tim Harrington

Author, consultant and speaker Tim Harrington has worked with credit unions in 48 states, two territories, Canada and Mexico. His progressive ideas and broad knowledge of credit union issues has made Tim a valuable resource for credit unions nationwide.  Tim has spoken to tens of thousands of credit union volunteers and staff and continues to inspire them to improve their credit unions.

Since 1996, Tim has been President of T.E.A.M. Resources, a firm providing consulting, strategic planning, and training to credit unions from coast-to-coast.  TEAM Resources’ clients range from a few million in assets to the billions in assets.

From 2001 to 2006, Tim was the Chairman of the Board of a $150 million credit union in Tucson, Arizona. Tim was appointed to the Board of this troubled credit union in 2001 and served until 2006. During his time on the Board, the credit union evolved from losing over $2,000,000 per year to earning a profit of nearly $2,000,000 by 2006.

Tim was formerly a Partner with the nation’s 3rd largest auditor of credit unions, known today as CliftonLarsonAllen. Mr. Harrington has been working with credit unions since 1989 when he directed the Internal Audit of a large credit union in Tucson, Arizona.  Prior to that, he was with a national accounting firm and has been practicing accounting and consulting since 1980.

Because of his knowledge, wit and unpretentious delivery, Tim is a much sought after speaker in the credit union movement. Tim has made presentations for CEO conferences, Directors conferences, Supervisory Committee conferences, lending conferences, marketing conferences, and many more. He is able to bring his wide ranging knowledge to benefit credit union volunteers, senior management teams and staff members on a wide variety of relevant and important topics. Tim is on the faculty of the CUNA Finance for Non-Financial Managers and Volunteers School, The CUNA Volunteer Certification School and CUNA Management School.

Tucson, Arizona has been home since 1980. Tim is a native of Montana and holds a BBA in Accounting from Gonzaga University in Spokane, Washington.  He has also attended universities in Morelia, Michoacan, Mexico and Florence, Italy and speaks several languages.

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