Thank you to everyone that attended our second webinar on the FFIEC Supplement to Authentication. As promised, here is a copy of the powerpoint used during the webinar. FFIEC Supplement on Internet Banking CLASS 2 December 15
On Thursday, December 15, 2011, at 1:30 pm ET, CU*Answers will be hosting Part 2 of a webinar series intended to address guidelines of the FFIEC’s Supplement to Authentication. During this session Jim Vilker and Patrick Sickels will discuss the importance of performing a risk assessment on how your credit union uses It’s Me 247, along [...]
Thank you to everyone that attending the webinar yesterday! As promised, here is a copy of the presentation. FFIEC Supplement on Internet Banking Keep an look out for announcements on the upcoming webinar in December!
Thank you for everyone that attended the Adverse Action Notice webinar! There are several pieces of information relating to the webinar that we would like to post and make available to you. To make sure all of the related material stays in one place, we will continue to update this post when additional information becomes available. -Adverse Action Notice [...]
Effective July 21, 2011, section 1086 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 amends the Expedited Funds Availability Act by increasing the amount from $100 to $200 that must be available for withdrawal by opening of business on the next day. Your credit union will need to review your disclosures relating [...]
The Credit Union Times recently posted an article where an employee of a small California Credit Union embezzled $1.2 Million from dormant accounts. The former employee was able to transfer funds from dormant accounts to accounts that were controlled by her and her husband. This lead to the eventual closing of the Credit Union in [...]
Recently CU*Answers taught a class on the basic responsibilities and mechanics of being a board member. This class is the first in a set of three on good practices for board members, and can be applied for board members who sit on credit unions and non-profits, as well as individuals who sit on for-profit boards. [...]
Individuals across the country are filing lawsuits against credit unions and banks for failing to place surcharge notices on their ATMs. Financial institutions in Michigan, California, and Illinois have been hit hard by the recent suits which claim that the terms of the Electronic Funds Transfer Act (EFTA, or Reg E) are violated when the [...]
Here is a copy of the Dormancy webinar from March 18th that was directed to our Michigan clients. Dormancy-Michigan WebConference
Thank you to everyone that attended the Risk Concentration Webinar today! Another outstanding turn out. Below you will find a link to a copy of the PowerPoint, along with links to supporting Risk Concentration documents. Concentration Risk Webinar – March 8 2011 2011 CU A Concentration Risk Offerings – Sample Report 2011 CU A Concentration Risk Offerings [...]
Check out to link below to find out how a partnership with CU*Answers can be benefical when dealing with your Risk Concentration needs! 2011 CU A Concentration Risk Offerings – Five Reasons Red
The Risk Management Report Generator Webinar last Friday was the largest webinar in CU*Answers history! There were 98 people in attendance at webinar for the unveiling of the new risk assessment tool by Patrick Sickels and Jim Vilker and to see an overview the Risk Management Report Generator website.
Today, NAFCU posted a news article regarding the 12 priorities that they will use to guide their focus in representing Credit Unions. An interesting article on what Credit Unions could expect during 2011.
During the last Audit Link focus group, we mentioned that we had found two Money Stores through our daily monitoring. In both instances, we noticed the accounts had large outside check deposits followed by large cash withdrawals on either the same or next day. In order for an MSB to be a legitimate business, there are [...]
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