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 […]
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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, […]
NCUA Reg 741 3 Loan Work-Out
Thank you to everyone who attended the Collections Roundtable on November 14. Below you will find the PowerPoint for the presentation on NCUA Reg 741 3 Loan Work-Out. NCUA Reg 741 3 Loan Work-out
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 […]
Supporting the Upcoming Changes on the NCUA Call Report Sweeping changes no, ready to go yes Over the course of the last few days there have been multiple press releases regarding the upcoming changes to the 5300 Call Report. Headlines such as “Sweeping Changes” are grabbing the attention of our clients and we have received […]
Regulation B – Adverse Action Notices
The CFPB’s republishing of Regulation B resulted in a required change for Federal Credit Unions. By January 1, 2013, FCU’s will need to change their Adverse Action Notices to include the addresses of the following Federal Agencies: FCUs under $10 billion in assets National Credit Union Administration (NCUA), Office of Consumer Protection (OCP), Division of […]
Your Guide to a Successful ACH Audit
Audit season is upon us and what is more frustrating than getting the check list from your auditor of items needed and not knowing where to start? Well look no further! AuditLink has created a document designed to help you pass your ACH audit with flying colors. The document follows each of the audit requirements […]
Concentration Risk and Abnormal Activity Monitoring Checklist
Concentration Risk and Abnormal Activity Montitoring Presentation from August 14, 2012.