Are your credit union audit findings always resolved reliably and on time? Have you ever found inconsistencies or outliers? Have you dealt with repeat findings?
At Redboard, we help credit unions organize, streamline, and even automate their audit processes. Over the years, we’ve developed a framework in which to conduct audits. It’s simple, repeatable, scalable, and most importantly, it works.
Recently, we spoke with Angie Garman, the internal audit manager for First Florida Credit Union (FFCU). As part of her effort to centralize identity and access management (IAM), she’s been taking a closer look at the risk that ex-employees pose to credit unions. Ray Murphy, former CISO of Navy Federal Credit Union and information security expert, joined us.
Centralizing identity access management (IAM) is somewhat of an enigma for many credit unions. No one can deny its importance in today’s environment, but it feels like such a mammoth undertaking. If you’ve thought about centralizing IAM in your credit union, but don’t know how to start, then this blog is for you.
With the COVID-19 pandemic continually introducing new operational practices and security risks, I wanted to sit down with some credit union professionals to discuss what’s been on their minds lately.
The COVID-19 pandemic has fundamentally changed current audit operations at credit unions. And some of those changes may have lasting strategic consequences.
The COVID-19 crisis has changed regular exam, external, and internal audit operations. And, as with any period of upheaval and change, communication is key. In fact, this communication will be key to ensuring that your supervisory committee understands what your audit team is doing, how they’re doing it, and what they can expect.
Credit unions are facing new challenges during COVID-19. Many of their members are facing new financial circumstances, and those members are asking new questions. Credit unions are working hard to provide answers.
The COVID-19 pandemic has brought about a lot of changes for credit unions. New compliance measures. New forbearance guidance. Operational priorities.
Early in the pandemic, unemployment rates were high. Unemployment insurance fraud spiked. At the same time, the landscape of automatic deposits was changing.
Get FREE Access to the Audit Checklist for Credit Unions!
