AuditLink Advisors

Answers on the Military Lending Act (MLA)

As the October deadline approaches for enacting the new Military Lending Act (MLA) regulation requirements, AuditLink has been fielding calls regarding the direction CU*Answers will be taking between now and the deadline. Since we’ve heard questions ranging from detailed (should I sign up for direct access) to introductory (what the heck is an MAPR), I […]

Combating Tax Return Fraud

It is that time of year again…tax season.  For the every-day consumer, this is either a time of excitement for those of you getting a return or a time of dread for the others that have to pay.  However, for those of us in the financial industry, it is a time that we are all […]

Winners of the Second Cost of Compliance Announced

Today at the 2015 CU*Answers Annual Leadership Conference, CU*Answers CEO Randy Karnes announced the winners of the second Cost of Compliance contest, sponsored by AuditLink, the compliance division of CU*Answers. For the first contest in 2014, credit unions were tasked with creating a template for calculating and accounting for the cost of compliance. In the […]

Employee Security: Do Your Employees Have Too Much Power?

An AuditLink service that has become popular during the last year has been our Employee Security Reviews.  Word in the industry is that auditors and examiners are now paying a bit closer attention to your employee access points to the CU*BASE platform.  Reviewing employee security is one of the most painstaking tasks a security officer performs […]

Overdraft Protection: What CU’s Need to Know

AuditLink has published a whitepaper detailing some of the legal and regulatory risks surrounding overdraft fees.  The paper, entitled Overdraft Class Action Lawsuits – What CUs Need to Know , details some of the latest overdraft class action lawsuits and regulatory actions. We recommend that all credit unions review their overdraft configurations as well as […]

Reg D: A Pain Point for Many

Jim and I would like to thank all of those who participated in our Regulation D webinar yesterday.  We had over 100 attendees!  Apparently this is a hot topic for a lot of CU’s.  We are not putting this topic to bed just yet.  This is going to be the theme of our next Network Compliance […]

Hail Storms, Tornados and Compliance….OH MY!

Last week, Jim and I headed down to Columbus Ohio for a regional training event. The trip down from Grand Rapids was quite the adventure. Rain storms, hail and tornado warnings (and what we believe to be an actual tornado forming….see the pics below. What do you think?). We felt like a real storm chaser team! […]

AuditLink Brings You: Conversations on Compliance

We are excited to announce that we will be hosting another FREE compliance event at our Grand Rapids location on February 24, 2015.  This event is open to credit unions both inside and outside of the CUAsterisk network.  Special guest speakers include Steven Van Beek from Howard & Howard who will be reviewing the top ten mistakes in […]

Risk Based Capital and The 10th Risk

After careful review of the new 198 page Risk Based Capital rule, CU*Answers has compiled a white paper focusing on a number of sections of the rule including the discretionary ability of the NCUA to increase a credit union’s minimum RBC requirement.    Patrick Sickels and I collaborated on this white paper to detail the nuances […]

Everything You Need To Know to Effectively Comment on Risk-Based Capital

Join Chip Filson, Callahan Chairman, as he hosts a panel of industry leaders to discuss the most comprehensive and consequential regulation ever proposed, NCUA’s Risk-Based Capital Rule. Current Panelists Include: Jim Vilker, VP of Professional Services at CU*Answers Doug Alldredge, Chief Financial Officer of First Credit Union in Arizona Andrew Bolton, Senior Analyst for Callahan […]