AuditLink, a division CU*Answers Management Services, has published its first addition of the Network Compliance Teacher. The magazine is a collaborative effort of CU*Answers and the compliance professionals of their credit union clients. Collectively they determine a theme, author the articles, and publish the magazine to all CU*Answers clients free of charge. “The articles […]
News
FFIEC – Guidence & Supplement to Authentication in an Internet Banking environment
Thank you to everyone that attending the webinar yesterday! As promised, here is a copy of the presentation. FFIEC Supplement on Internet Banking Keep an look out for announcements on the upcoming webinar in December!
Introducing The Network Compliance Teacher Newsletter
AuditLink is pleased to announce the Network Compliance Teacher Newsletter. The Network Compliance Teacher Newsletter is designed as a collaborative effort between AuditLink and the compliance professionals of our client credit unions, with an audience of every credit union staff member in our network who has to deal with the regulations affecting the credit union […]
CU*Answers Provides AuditLink Update
Grand Rapids, MI – July 26th, 2011 CU*Answers Management Services – a subsidiary of CU*Answers, recently announced that since its AuditLink service started in mid-2008, its services to credit unions had expanded and has provided combined services to several dozen credit unions in the areas of audit and compliance. The AuditLink team stated […]
Adverse Action Notice
Thank you for everyone that attended the Adverse Action Notice webinar! There are several pieces of information relating to the webinar that we would like to post and make available to you. To make sure all of the related material stays in one place, we will continue to update this post when additional information becomes available. -Adverse Action Notice […]
Risk Management Resource Site Boasts Successes
Grand Rapids, MI – July 21st, 2011 CU*Answers recently announced that its RMRG site, or Risk Management Report Generator, has been well received since its launch late in 2009. Since its launch, 305 reports have been created online, 87 of them so far in 2011, while the Risk Management Matrix houses 33 matrices created by […]
Regulation CC changes
Effective July 21, 2011, section 1086 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 amends the Expedited Funds Availability Act by increasing the amount from $100 to $200 that must be available for withdrawal by opening of business on the next day. Your credit union will need to review your disclosures relating […]
Are you monitoring your dormant accounts?
The Credit Union Times recently posted an article where an employee of a small California Credit Union embezzled $1.2 Million from dormant accounts. The former employee was able to transfer funds from dormant accounts to accounts that were controlled by her and her husband. This lead to the eventual closing of the Credit Union in […]
Lender*VP Collections Roundtable Schedule
The Lender*VP team of CU*Answers has announced that it will be hosting a Collection Roundtable Event on Wednesday, May 25th, from 9:30am – 12:00 as well as again from 1:30 – 4:30. Held at the CU*Answers offices in Grand Rapids, Michigan, the Collections Roundtable is an open forum discussion on collections laws, internal procedures and […]
Good Director Practices I – Fundamentals
Recently CU*Answers taught a class on the basic responsibilities and mechanics of being a board member. This class is the first in a set of three on good practices for board members, and can be applied for board members who sit on credit unions and non-profits, as well as individuals who sit on for-profit boards. […]