Be a Crime Fighter By Writing Compelling Suspicious Activity Reports

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.

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What Is a SOC Report and Why Do You Need One? (Hint: Don’t Put It in the Laundry!)

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.

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Managing Critical Vendor Relationships: More Process Than Tool

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.

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Internal Controls: A Trusted System Tops a Trusted Employee

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.

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Toeppe Named NCUA Director of Examination and Insurance

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.

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Suspicious Activity and Fraud: Warning Signs to Watch Out For

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.

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FinCEN Extends Money Laundering Rules to Non-Federally Insured Credit Unions

FinCEN Extends Money Laundering Rules to Non-Federally Insured Credit Unions

FinCEN has released a final rule requiring banks and credit unions that are not regulated by the federal government to comply with Anti-Money Laundering regulations, reports David Baumann of the Washington CU Daily.

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Things to Consider When Switching Form Vendors

Things to Consider When Switching Form Vendors

There are a number of reasons a credit union might look to make a switch when it comes to their form vendor, but what should they consider before taking the plunge? Nick Hawkins has a few ideas.

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Using Audits as Assets

Using Audits as Assets

Audits don’t have to be scary, nor do they have to be without rewards. Chief Financial Officer Bob Frizzle shows you how to get the most out of your audits and turn the inconvenience into an asset.

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The Key to Internal Fraud Controls? Get Back to the Basics

The Key to Internal Fraud Controls? Get Back to the Basics

Due to recent high profile embezzlement cases, Jim Vilker argues that what the industry really needs is to slow down, check all the boxes, and get back to the basics of internal auditing.

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