AuditLink, a service of cooperative CUSO, CU*Answers, recently published a video introducing PolicySwap and ExamShare. AuditLink reduces the added work imposed by regulations and compliance through the combination of its services, innovative technology, and cooperation amongst industry peers. Factors inherent in changing regulations mandate continuous training and frequent exposure to compliance issues with applied auditor…
CU*Answers, a cooperative CUSO located in West Michigan, announced that is has published its third and final article critiquing the NCUA’s revised Risk Based Capital rule (RBC2). The article continues from part two of the three-part series by addressing the Rule from a legal approach. The article reviews the Hon. J. Mark McWatters’ dissent on…
CU*Answers, a cooperative CUSO located in West Michigan, announced that is has published its second article critiquing the NCUA’s revised Risk Based Capital rule (RBC2). The article continues from part one of the three-part series by addressing the Rule from a holistic approach. “Of the three articles this is the most compelling as it cuts…
CU*Answers, the 100% owned cooperative CUSO, is providing warm hospitality during the winter months. CU*Answers has meeting rooms available to be used that are accompanied by a staff that is willing to cater to their client’s needs. This includes catering, technology assistance, and execution of the day’s events. In the month of January, the CUSO…
CU*Answers, data processor to nearly 200 credit unions nationwide, announced the winners of their first Cost of Compliance contest at its recent CEO Strategies Conference. Contest participants were tasked to create a template that provides a standard way of accounting for an institution’s overall costs associated with compliance related activities. “Nine credit unions participated in…
CU*Answers, data processor to nearly 200 credit unions nationwide, recently announced the Cost of Compliance contest, sponsored by its compliance division, AuditLink. Open to all credit union CEOs and CFOs, contest participants need to create a template that provides a standard way of calculating the cost of compliance. The template should list the costs of…
AuditLink, the audit and compliance division of the West Michigan-based CUSO CU*Answers, is in the beginning stages of a campaign to fight elder abuse. Their first step in the fight is dedicating their ninth edition of Network Compliance Teacher to elder abuse. “We had an enormous response from our clients when we sent out the…
CUNA’s Small Credit Union Committee created a call to action for Credit Unions to respond to the NCUA’s proposed Risk based Capital regulation. The letter urges all credit unions to respond to the NCUA call for comments before the comment period ends on May 28th. CUNA and the NWCUA also sent this letter to all credit unions…
CU*Answers, the 100% credit union-owned, cooperative CUSO headquartered In Grand Rapids, MI has published a white paper focusing on assessing the risk of Distributed Denial-of-Service attacks (DDoS). The white paper was developed in conjunction with AuditLink, an auditing and compliance division of CU*Answers Managed Services. The document fully describes a DDoS attack and what credit…
CU*Answers announced another data mining dashboard was included in the Fall release of CU*BASE® GOLD revolving around the retention rates of both membership and sub-accounts. The release allows credit unions to understand the decay rates based upon the year the accounts are opened. The new dashboard was originally intended to provide credit union executives the…