Board Committees


Board Committees are established to review all policies and major initiatives and make recommendations to the full board for approval. Each committee has a charter outlining the committee’s purpose, duties, responsibilities, and authorities. Committee meetings are held periodically in conjunction with regular Board meetings. Each member of the Board is involved in one or more of the committees listed below.

Audit Committee

The role of the Audit Committee is to review financial statements and significant accounting policies, oversee financial reporting to shareholders, CoBank, and the Federal Farm Credit Banks Funding Corporation. They also oversee the audit activities of all independent auditors and monitor internal controls.

The 2020-2021 Audit Committee members include:

  • Shirelle Erb, Chairman
  • LaDell Eyre, Vice Chairman
  • Wayne A. Smith, Member

Compensation Committee

The role of the Compensation Committee is to review compensation amounts and practices and design compensation programs that reward sound operations and Association performance. The Committee also has the responsibility to ensure that financial incentives achieve the desired results and do not create risk that could threaten the institution’s safety and soundness.

The 2020-2021 Compensation Committee members include:

  • Kim Haws, Chairman
  • Scott Wayment, Vice Chairman
  • Shirelle Erb, Member

Corporate Committee

The role of the Corporate Committee is to provide fiduciary oversight in the areas of corporate structure, mergers, Information Technology, and other governance matters that may arise.

The 2020-2021 Corporate Committee members include:

  • Robert Johnson, Chairman
  • Richard Nielson, Vice Chairman
  • LaDell Eyre, Member
  • Klynt Heaton, Member

Risk Committee

The role of the Risk Committee is to provide fiduciary oversight in the areas of risk management and stress testing. The Committee has specific responsibility for the enterprise risk management program (ERM).

The 2020-2021 Risk Committee members include:

  • Shirelle Erb, Chairman
  • Kim Haws, Vice Chairman
  • Robert Johnson, Member