Check out AuditLink’s Top Ten – which have made it to our radar and are currently being discussed here at CU*Answers. You’ll notice a few that are well along in development and nearing implementation, while others are still in the early stages of design. And some of these suggestions could remain on the drawing board […]
CU*BASE tool hints for compliance and auditing
Conversations on Compliance – Great Day of Networking
What a great week it’s been. AuditLink presented Conversations on Compliance on Tuesday and we had a fantastic turnout. We would like to thank everyone who attended and send a HUGE thank you to our speakers: Steve Van Beek from Howard & Howard, Meg Prieur from The Payments Authority and Brian Vitale from Notre Dame Federal Credit Union (who […]
ANNOUNCING THE SECOND COST OF COMPLIANCE CONTEST!
Sponsored by AuditLink, the second Cost of Compliance Contest will focus on real-world application of the templates developed by your peers in the first Cost of Compliance Contest. Why? To prove to our industry that we account for compliance and have the data to win the arguments and make decisions. As with the first contest, […]
Cost of Compliance Contest Winners Announced
Today at CU*Answers Annual CEO Strategies Conference Randy Karnes, CEO announced the winners of the first contest to derive a cost of compliance template for the network. Contest participants were tasked to create a template that provides a standard way of accounting for a credit union’s overall costs associated with compliance related activities and a […]
“From DC to GR: A Compliance Update” – Another Success!!
For those of you who joined us here in Grand Rapids for the “From DC to GR: A Compliance Update” event, thank you for attending! We had another amazing turnout with almost 40 attendees. The day long workshop was filled with great topics from speakers, Steve Van Beek from Howard & Howard, Charles McQueen of McQueen Financial Advisors, Inc. and, of course, our […]
Free Annual BSA Training for CU* Clients
Many clients of the CU* family don’t realize that there is free BSA/OFAC training available for your staff AND volunteers. There is much more than just BSA/OFAC training as well. How do you get to the CU*Answers University Campus? It’s easy. All you have to do is click on the “Network Links” icon at the bottom […]
Debit Card Fraud — It Never Seems to End
Brought to you by Jerry Collins, CU*Answers Collections Assistant Manager. During a recent loss prevention gathering yet another new scam has been discovered. Legitimate members are selling their debit cards or numbers to know fraudsters for cash. The perpetrator then uses the card to buy marketable assets like gift cards and do cash advances. Once they […]
Compliance Articles Brought to you by Howard & Howard
I wanted to take a moment to bring your attention to these fantastic articles that the attorneys at Howard & Howard provided in one of their newsletters. The “5 Common Credit Card Act Violations” article is very informative. If you haven’t already, sign up to be added to their mailing list by clicking here.
Risk Based Capital Rule….. We Must React
CU*Answers as a cooperative is stepping up its marketing effort and encouraging credit unions in the network to comment on the new NCUA-proposed rule regarding risk based capital. In a recent Callahan web conference my first slide read as follows: “Never in the history of NCUA rule-making has it been necessary to classify a regulator […]
What does compliance truly cost your credit union?
What does compliance truly cost your credit union? During last November’s CEO Strategies meeting it was stated by a number of CEOs that the cost of compliance is killing their credit union. AuditLink took this as a challenge. In June, at the Leadership Conference, CU*Answers and AuditLink announced that they will be running successive contests meant not […]