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...
How to Maximize Audit Efficiency with Minimal Resources
If your organization is struggling to keep up with increasing audit demands, it’s likely not due to a single issue. Rather, multiple issues combine to affect efficiency and threaten...
Exponential credit union growth brings a wave of new problems—primarily, audit departments aren’t growing at a proportionate rate to the increase in new responsibilities. There isn’t enough time or staff to meet compliance demands, and credit unions...
Redboard is a credit union audit management platform that has helped credit unions of all sizes reduce their audit administration time by 50%. At the Association of Credit Union Internal Auditors conference, Redboard unveiled two pieces of...
Helping credit union audit programs succeed is our mission at Redboard. We’ve developed checklists, worksheets, and more to help auditors increase their bandwidth.
Now, Redboard has teamed up with The Audit Library to save credit union...
Credit union audits and exams are ongoing compliance activities for auditors and business units alike. Yet, without a solid, repeatable structure, they can drain significant time and resources. And in...
Spectra Credit Union is based in Alexandra, Virginia. They control over $500m in assets and are growing quickly. Their audit team is small and also handles risk, compliance, and other regulatory duties.
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?
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...
We’re proud to announce the release of Redboard 11.1, the best version yet of our credit union audit management software. We’ve added new productivity enhancements to ensure smoother, more efficient audits and exams.
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.
Being a credit union auditor can be pretty straightforward. Balance risk, enhance reporting, and optimize performance. But COVID-19 threw a wrench in the standard.
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...
Some things seem so obvious after they’ve been invented and gotten popular. Think: the wheel instead of walking. Netflix instead of renting. Texting instead of calling. Sliced bread instead of… whatever came before that. But where things weren’t...
Redboard and Ongoing Operations team together to support credit unions with remote work ready Compliance and Audit Platform free for 120 days.
With a sudden shift to remote working environments, and the stress of maintaining operations...
(This is part three in a series on the three lines of defense in credit union risk management and compliance. You can readpart one here andpart...
We’re happy to announce the release of Redboard 10, the most comprehensive version of our audit management software platform yet. We’ve added new features and abilities that ensure smoother, more efficient credit union audits and exams.
When...
Banking has been around for millennia, which shows just how important it is to the world. However, modern banking in our collected world brings new risks and threats. Financial institutions must operate responsibly to see that consumers thrive—and...
In 2019, Boeing faced the fallout of several 737 MAX airplane crashes. As the casualties rose, engineers and regulators raced to discover what was causing the flight malfunctions.
The answer was negligence of risk management across the...
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