Over the course of the next three weeks we will be releasing a three-part series completed by CU*Answers audit, legal, and compliance professionals addressing the NCUA’s recent revisions to the proposed Risk Based Capital rule. The series will first concentrate on a holistic view of why this rule is flawed, followed by a legal perspective. The goal […]
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Winter Events at CU*Answers
GRAND RAPIDS, MI – January 30, 2015 CU*Answers, the 100% owned cooperative CUSO, is providing warm hospitality during the winter months. CU*Answers has meeting rooms available to be used that are accompanied by a staff that is willing to cater to their client’s needs. This includes catering, technology assistance, and execution of the day’s events. […]
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, […]
CU*Answers Announces Cost of Compliance Contest Winners
CU*Answers, data processor to nearly 200 credit unions nationwide, announced the winners of their first Cost of Compliance contest at its recent CEO Strategies Conference. Contest participants were tasked to create a template that provides a standard way of accounting for an institution’s overall costs associated with compliance related activities. “Nine credit unions participated in […]
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 […]
CU*Answers Awarding $5000 in Cost of Compliance Contest
CU*Answers, data processor to nearly 200 credit unions nationwide, recently announced the Cost of Compliance contest, sponsored by its compliance division, AuditLink. Open to all credit union CEOs and CFOs, contest participants need to create a template that provides a standard way of calculating the cost of compliance. The template should list the costs of […]
“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 […]
AuditLink Fights Against Elder Abuse
AuditLink, the audit and compliance division of the West Michigan-based CUSO CU*Answers, is in the beginning stages of a campaign to fight elder abuse. Their first step in the fight is dedicating their ninth edition of Network Compliance Teacher to elder abuse. “We had an enormous response from our clients when we sent out the […]
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 […]