Productivity

How to Measure Success when Implementing Auditing Solutions

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

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...

The “Growing” Cause of Credit Union Compliance Problems

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...

Special Redboard Offer for ACUIA

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...

Redboard and The Audit Library Partner to Help Credit Unions

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...

Satisfy Credit Union Compliance Needs Despite Limited Resources

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 CU Case Study

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.

Strategies for Your Credit Union’s Next Audit or Regulatory Examination

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 Seven Best Credit Union Audit and Compliance Blogs

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...

Introducing Redboard 11.1

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.

The CFPB’s Common Consumer COVID-19 Complaints

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.

Updates to the NCUA Supervisory Priorities for 2020

The COVID-19 pandemic has brought about a lot of changes for credit unions. New compliance measures. New forbearance guidance. Operational priorities.

Audits and COVID-19: Changing Trends and How to Respond

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.

DCU Case Study

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...

Audit Management Software Benefits, Features, and Price

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...

Free Compliance and Audit Platform for Credit Union Remote Work

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...

Audit Management Software and the Three Lines of Defense

(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...

Introducing Redboard 10

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...

10 Easy Credit Union Compliance Tips

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...

What the 737 MAX Crisis Means to Credit Unions

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...