Redboard is proud to speak at two upcoming credit union audit conferences. Both are quality events with great lessons for credit union auditors and supervisory committees alike.
Credit union internal audit programs accomplish a lot with relatively few resources. At Redboard, we want to ensure your audit team has a clear path to success.
Each year, the NCUA sends out their list of supervisory priorities for the year. Credit unions preparing for their exams can reference the letter to focus on specific areas.
Making a decision to try something new in your work life can be scary. You’re always looking to make improvements and do things better, but at the same time you don’t want to make a mistake. This goes double for anything audit or compliance...
Credit union regulatory exams don’t come around often, but they are stressful. These exams tips will give you more confidence and better results.
Do you know of anyone who looks forward to credit union exams? Do they have NCUA rules and regulations tattooed on their arms? Do they read article after article exploring various credit union compliance resources?
In order to be productive, effective, and efficient in today’s fast-paced world, it’s important to have access to the right resources. That’s why we created the Credit Union Auditor’s Resources Survey.
Each year, the NCUA sends out their list of supervisory priorities for the year. Credit unions preparing for their exams can reference the letter to focus on specific areas.
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 pandemic has brought about a lot of changes for credit unions. New compliance measures. New forbearance guidance. Operational priorities.
Running an audit can be stressful and is always time-consuming. More planning and structure at the beginning improve efficiency in subsequent stages.
We created our credit union audit checklist to give auditors a head start in both annual...
Digital Federal Credit Union (DCU) is based in Marlborough, Massachusetts, and their member base is spread across every state in the union. At over $10b in assets, DCU’s audit department had their hands full. Coordinating their audit activities and...
The last few months have undeniably created unique situations for credit unions. The way members are interacting with their branches, the expectations of employees, and the requirements by the NCUA have all been through changes amidst the COVID-19...
The Coronavirus is straining organizations around the country and around the world. Nobody knows if this situation will last for six weeks… or for six months. (In fact, some health authorities have suggested an 18-month social distancing...
The Coronavirus is straining organizations around the country and around the world. Nobody knows if this situation will last for six weeks… or for six months.
How will this crisis affect your credit union’s audit program? How will you need to...
Credit unions offer numerous advantages over banks and other financial institutions. Their services, fees, and rates are all top notch. And a good deal of that can be attributed to relatively strict rules and regulations regarding consumer...
The world of credit union compliance is both fast-paced and high-stakes. It would be enough to drive any compliance professional mad… if there weren’t ample resources on their side.
Fortunately, the NCUA is also chock-full of compliance...
There’s no such thing as an all-knowing compliance professional. There are too many rules and regulations in the credit union industry for a single person to know them all. It takes a team of experts to carry out an audit or examination in any given...
Remember way, way back in the old days at school? And how sometimes, for whatever reason, you’d get distracted for a couple seconds. And that’s when it always happened. The teacher called on you.
Are you supposed to act like you know what’s...
The world is full of best practices tips. You probably know the best way to brush your teeth. You definitely know the best way to tie your shoes. And, if you’ve been reading this blog, there’s a good chance you know best practices for credit union...
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