Attached are two pieces of information that describe the Concentration Risk offerings by CU*Answers. This material will be covered in more detail during tomorrow’s Risk Contraction Webinar between 3-4PM. There is still time to register if you haven’t done so already. Risk Concentration Webinar 2011 CU A Concentration Risk Offerings – CU BASE Platform 2011 […]
News
2011 CU A Concentration Risk Offerings – Five Reasons Red
Check out to link below to find out how a partnership with CU*Answers can be benefical when dealing with your Risk Concentration needs! 2011 CU A Concentration Risk Offerings – Five Reasons Red
Web Conference Scheduled Highlighting Risk Management Tool
CU*Answers, the West Michigan-based CUSO known for providing CU*BASE core data processing and other services, will be hosting a Web Conference to unveil new features of its Risk Management Report Generator on February 11. According to CU*Answers, the Risk Management Report Generator is an online tool that facilitates Due Diligence, Risk Management Planning & Monitoring […]
AuditLink to offer Concentration Risk Services
AuditLink, a division of CU*Answers, the Michigan core data processing CUSO known for providing CU*BASE, has announced a new offering to assist credit unions in complying with recently published concentration risk monitoring requirements. NCUA Letter 10-CU-03 requires credit unions to manage concentration risk and defend their capital position with respect to segmentation development in […]
Why citations are so important
During the last 26 months I have completed over 30 AuditLink assessments related to compliance/audit spanning New York to Oregon. Throughout these reviews I am consistently amazed at the volume of busy work created out of ineffectual processes, policies, and system configurations sanctioned by a third party. The credit union creates work for the sake of […]
12 priorities will guide NAFCU in year ahead
Today, NAFCU posted a news article regarding the 12 priorities that they will use to guide their focus in representing Credit Unions. An interesting article on what Credit Unions could expect during 2011.
Money Service Businesses (MSBs)
During the last AuditLink focus group, we mentioned that we had found two Money Stores through our daily monitoring. In both instances, we noticed the accounts had large outside check deposits followed by large cash withdrawals on either the same or next day. In order for an MSB to be a legitimate business, there are several […]
Focus Group 11/05/10
Thank you to everyone that attended the AuditLink Focus Group on 11/05/10. I have uploaded the powerpoint to the Advisor site just in case you would like to review it. I have also posted the questions and answers to some of the questions that were asked during the webinar. Focus Group Presentation Focus Group 11/05/10 Q&As: […]
Consumer Compliance Outlook
Check out the 3rd quarter edition of the Consumer Compliance Outlook for 2011. The document contains a regulatory calendar that may help you stay on top of the changes for the coming year.
Link for Privacy Notice Builder
Follow the link to an NCUA press release regarding the Consumer Privacy Notice form builder. On the bottom of the first page, you will find a link for the Online Form Builder. NCUA Press Release