The world of compliance moves fast, and new regulations emerge monthly. It’s important to keep your ear to the ground to see whatever changes are coming. And, seeing other people’s approaches—both from the regulatory side and from the credit union side—can provide much needed perspectives.
But how can credit unions stay up to date on the latest rules, statutes, regulations, etc.? These five blogs will help you stay on top of the changing world of credit union compliance.
1. The Institute of Internal Auditors Blog
The IIA blog is one of my go-to publications on all things audit-related. Whereas many of the blogs on this list touch on audit-related concerns, this blog is dedicated specifically to the issues that internal auditors face daily.
Furthermore, they produce additional publications in their bookstore, periodicals, Internal Auditor magazine, and their newsletters. See the full spectrum here.
2. The Consumer Financial Protection Bureau Blog
The CFPB blog updates several times per week. In addition to news and opinion, some of the material may help credit union auditors set priorities and set expectations.
Additionally, you can be sure that anything coming from the CFPB carries weight!
3. The Audit Library Blog
The Audit Library was founded by Olivia Whipple, CIA, and John Kaneklides, CIA. They’re closing in on 30 years of combined financial institution and audit industry experience. (That includes internal audit, external audit, and consultant roles.)
While the content isn’t geared specifically towards credit unions, it’s filled to the brim with valuable insight, useful resources, and great stories. I absolutely recommend visiting their blog, checking out the rest of their site, and adding it to your favorites.
4. The Audit Report
The Audit Report is the quarterly magazine from the Association of Credit Union Internal Auditors (ACUIA). Though not a blog, I think it’s a critical must-read for any credit union audit professionals.
In addition to timely news and expert opinion, ACUIA’s publication spotlights industry professionals, features great events, and dives deep into key issues. You will need to be a member to read it, though.
It feels weird recommending a regional compliance blog in a list of national compliance blogs, yet here we are. The Virginia Credit Union League reads the latest news, digests it, and offers their take (and sometimes advice) to go with it.
While we might not recommend this as the first place to look for credit union news, it certainly makes our top five. Yes, even more states all the way across the country. And for credit unions in Virginia? Well, put this right up at the top!
5. The NAFCU Blog
Yes, NAFCU runs its own blog. NAFCU has a vested interest in seeing credit unions succeed, and they prove it with every nuanced blog post. The issues they write about—and the depth with which they cover them—are phenomenal.
If you haven’t checked out the NAFCU blog, you should do that immediately. Control-click that hyperlink and see the latest news and insights about privacy, BSA, examinations and enforcement, lending, and more.
6. NCUA News
NCUA doesn’t actually run a blog, and we’re not exactly thrilled about that. However, they do update their site often, and their “news” section in particular is filled with current insights and clarifications about specific rules.
They maintain a list of good credit union compliance resources, which may help with some questions. But they also keep current with press releases, statements, newsletters, and more in their news section. It’s not a blog, but it may serve the same function.
7. CUNA’s Compliance News
CUNA’s blog has a little something for everyone. Unfortunately, that can make it hard to find what you’re looking for. And if you don’t check it often, you might miss something important.
Alternatively, you can filter out everything except for the compliance news. This link will show you everything you need to know—and not much else. It’s a great way of cutting through the chatter!
We hope this list of blogs will introduce you to some useful new resources. We wanted to put the Redboard blog on the list, but you’re already here…
Redboard is an easy credit union audit management platform. It streamlines offsite and onsite strategies alike with a centralized document repository, audit tracking and management features, and tools to help with reporting up and reporting out.
Plus, its powerful automation capabilities and intuitive UX simplify tedious planning, tracking, and follow-up tasks. Our customers have reported audit and exam time savings of anywhere from 15–50%.
Here’s how you can get started now:
- Subscribe to our blog to stay updated on the latest in credit union audits, exams, and compliance.
- Request a demo to see if Redboard is right for your credit union.
- Join a free upcoming webinar to learn our three proven strategies that we’ve use to help other credit unions save time on audits even without using our platform.