cuasterisk.comIn the most recent issue of the Audit Link Advisor, a joint publication between West Michigan-based CUSOs CU*Answers and Xtend, audit and compliance expert Jim Vilker discusses recent instructions from CUNA Mutual Group (CMG) regarding the requirements which Regulation Z has placed on the use of the Multi-Featured Open-End Lending (MFOEL) product line. Read More
Press Tagged: Compliance
CU*Answers Announces Release of New Peer Analysis
CU*Answers is getting ready to release its annual CU*BASE Peer Analysis. The Peer Analysis has proven to be a valuable tool for developing the potential of existing and new credit union partnerships and making the most from credit unions’ investment in CU*Answers.
According to the CUSO, this booklet contains a cross-reference of some key CU*BASE features and services, showing whether or not they are being used by other credit union partners. The Peer Analysis is organized by credit union member size, so you can easily compare a credit union’s usage of CU*BASE features with other credit unions of similar size. CU*Answers advises that a regular review of the Peer Analysis categories will help remind credit union CEOs of CU*BASE features they may have been waiting to implement, and possibly give the motivation to start.
New items added for the 2010 Peer Analysis include:
- 5300 Call Report Tools
- Due Diligence Monitoring Flag
- Privacy 2010 Controls
- Dividend Donations
- Red Flag Address Warning
- Tiered Service Analysis Tool
And much more!
CU*Answers Offers Compliance Training Event
Key credit union leaders and managers of credit unions utilizing the CU*BASE core data processing system have been invited to attend an education course on November 20th, 2009 – Managing Compliance: Preparing for Audits and Examinations. Read More
Audit Link Announces Successful First Year
Audit Link, a new division of West Michigan-based CUSO CU*Answers, announced a successful conclusion to the 2008 fiscal year, surpassing client growth expectations by 100%. Read More
