News

NCUA Supervisory Focus Letter for 2013

The NCUA has released their Supervisory Focus Letter for 2013.  Headlining the letter are concerns by the NCUA about information security and fraud detection.  Prior to an examination, management and the board of directors should review controls in CU*BASE regarding employee security, online banking security, and abnormal activity monitoring.  In addition, the NCUA still has […]

CU*Answers Releases New Retention Dashboard in GOLD

CU*Answers announced another data mining dashboard was included in the Fall release of CU*BASE® GOLD revolving around the retention rates of both membership and sub-accounts. The release allows credit unions to understand the decay rates based upon the year the accounts are opened. The new dashboard was originally intended to provide credit union executives the […]

Network Compliance Teacher Celebrates First Year

AuditLink has recently launched its’ fourth edition of their Network Compliance Teacher (NCT) magazine.  NCT is a collaboration of compliance professionals that span coast to coast.  Originally intended to be authored by CU*Answers clients, NCT 2013 goal is to open its pages beyond the CU*Answers client base and invite other firms that support the compliance […]

CU*Answers Emphasizes the Benefit of PolicySwap

CU*Answers, the West Michigan-based CUSO, announced that its PolicySwap website added earlier in 2012 was still going strong. The site, located at http://policyswap.cuanswers.com, was created with the goal of helping CU*Answers clients reduce each institution’s compliance cost burden. Every policy and procedure shared is reviewed by AuditLink, a part of the CU*Answers Management Services […]

AuditLink Client Focus Group

Thank you to everyone who attended today’s webinar.  Below is the link to the PowerPoint presentation. On a personal note, it has been our pleasure doing business with all of you and we look forward to serving you in the coming year. Happy Holiday’s from your AuditLink team! Focus Group Presentation  

CU*Answers Risk Management Tool – Free to All!

As part of its recent CEO Strategies Week, 100% credit union-owned CUSO, CU*Answers, reiterated how dozens of credit unions nationally were already utilizing its previously developed Risk Management Report Generator tool, provided free to any credit union requiring this type of resource. A spokesperson for CU*Answers added how Third Party Risk Assessments are time consuming, […]

Notice of Intent to Share Information 314(b)

So, you may be asking, “Why file a Notice of Intent to Share Information?” I ask you, “Why Not?” The USA Patriot Act Section 314(b) gives financial institutions permission to share information with one another in order to identify, and report to the federal government, activities that may involve money laundering or terrorist activity. This […]

October 30th Webinar Presentations

Thank you to everyone that attended all of the webinar’s on Tuesday, October 30.  As promised, Patrick has provided the PowerPoints used during the presentations. 9.01 IT Risk Management – A Quantitative Approach  While I encourage credit unions to look at and use numbers when making decisions, relying on numbers alone is a mistake.  For example, if […]