Launch Credit Union Announces Formation of VyFi, LLC to Provide Credit Union Compliance Services
Launch Credit Union in conjunction with Launch CUSO Holdings, LLC is pleased and excited to announce the formation of VyFi, LLC (VyFi), a Credit Union Service Organization (CUSO) which specializes in helping Credit Unions audit and identify their cyber threats and meet their information security compliance and assessment mandates.
RedZone Protects to Offer Credit Unions a New CUSO Alternative for Compliance and Risk Mitigation
RedZone Compliance Services, a premier provider of regulatory compliance and governance solutions, and Launch Credit Union are pleased to announce the formation of RedZone Protects, LLC, an enterprise risk and compliance focused Credit Union Service Organization (CUSO).
With a Little Help from Our Friends: What Credit Unions Can Do to Prepare for Cannabis Banking Partnerships
As the future of credit unions’ relationship with cannabis businesses lies in the hands of Congress, Stacy Brower details ways for credit unions to prepare for these accounts, should the SAFE Act pass.
Harper: Exams Demonstrate Need for Consumer Protection Focus
David Baumann of the Washington CU Daily reports that citing deficiencies that NCUA examiners found during the past year, board Chairman Todd Harper renewed his call for the agency to develop a separate consumer protection examination. His remarks came during his confirmation hearing before the Senate Banking Committee.
Be a Crime Fighter By Writing Compelling Suspicious Activity Reports
Filling out a suspicious activity report may seem tedious, but one filled out well can make all the difference in law enforcement cracking the case, say Keri Lillie and Heather Williams of Lillie and Company.
What Is a SOC Report and Why Do You Need One? (Hint: Don’t Put It in the Laundry!)
Christen Lipschutz breaks down the various SOC reports, what’s in them, and how they can be beneficial for your credit union.
Managing Critical Vendor Relationships: More Process Than Tool
Having a vendor management tool can be a great boon, but it’ll take a sound plan and policy to manage your vendor relationships effectively. Jim Vilker shares his thoughts on what a good policy and procedures need to succeed.
Internal Controls: A Trusted System Tops a Trusted Employee
How are some individuals able to conceal millions of dollars in fraudulent activity at their credit unions? Keri Lillie explains how trusting employees can be riskier than trusting the system you’ve built around them.
Toeppe Named NCUA Director of Examination and Insurance
Myra Toeppe has been named director of the Office of Examination and Insurance at the National Credit Union Administration, reports David Baumann of the Washington Credit Union Daily.
Suspicious Activity and Fraud: Warning Signs to Watch Out For
Credit unions need to cover a lot of ground when it comes to compliance and regulations. Thankfully, Marvin Johnson has some advice on where you should be focusing your time and efforts.
