United Bay Community Credit Union case study from redboard

United Bay Community Credit Union (“Ubay”) is a state-chartered credit union headquartered in Bay City, Michigan. They operate 6 branches throughout the state and control just over $280 million in assets.

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Credit Union of the Rookies case study from redboard

Credit Union of the Rockies, a Golden, Colorado-based institution, has built a solid reputation among its growing membership. With 3 branches and just over $120 million in assets, they’re on the smaller side, which allows them to maintain a strong community and member focus.

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USALLIANCE Financial case study from redboard

USALLIANCE Financial is a $2.7 billion credit union headquartered near New York City. They have a large and diverse membership that spans the nation and operate branches in New York, New Jersey, Connecticut, and Massachusetts.

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Redboard case study crane credit union

Crane Credit Union is a $1 billion credit union based in Indiana. Crane was experiencing consistent growth over time, but their audit team had remained the same size.

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Artificial intelligence (AI) has evolved considerably in the last several years. It started with rumors and promises. Then, it emerged as a parlor trick. Now, it’s making videos, creating images, and writing anything from legal documents to blogs (not this one… yet).

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The 2023 NCUA Supervisory Priorities

Each year, the NCUA sends out its list of supervisory priorities for the coming year. Credit unions preparing for their exams can reference the letter to focus on specific areas of concern.

2023 New Year’s Resolutions for Credit Union Auditors

Happy new year, credit union auditors! As 2022 fades in the rearview and we set our sights on what 2023 brings, it’s a good time to do what auditors do best:

Assess weaknesses, identify solutions, and plan for improvement.

Measure audit success

Taking Part in Your Credit Union’s Next Audit? Read This.

If you are reading this, you may be new to the world of credit union audit processes. Audits are an essential part of the credit union’s operations and ensure that all internal controls are in place and functioning properly.

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Credit union audit software from redboard

There are three basic types of audit software for credit unions: Basic, Enhanced, and Engaged. Read on to learn more about each kind—and which would be best for your credit union.

Measure audit success

How to Measure Success when Implementing Auditing Solutions

Finding a solution to address credit union auditing inefficiency is difficult enough. Measuring success after actually implementing changes in the audit process is an additional challenge.

Specifically, it’s difficult to know how to measure the efficacy of the solution. How can auditors know that the impact is significant enough? What is the benchmark of success?

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