Credit Union Compliance Software and Resources

February 6, 2019 |By Brad Powell

Point West Testimonial: Managing Audits with Redboard’s Credit Union Compliance Software

This blog is the third in a three-part series about how Point West Credit Union was able to save time, reduce risk, and increase efficiencies in their audit process by using Redboard’s credit union compliance software.

In part one of this series, Point West Credit Union was frustrated with their audit program. Although they were successfully navigating their audits, they spent too much time on the process and not enough on their audit tasks. In part two, they discovered that email and spreadsheets were robbing them of valuable productivity. 


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January 30, 2019 |By Brad Powell

Point West Testimonial: The Shortcomings of Excel and Outlook for Managing Audits

This blog is the second in a three-part series about how Point West Credit Union was able to save time, reduce risk, and increase efficiencies in their audit process by using Redboard’s credit union compliance software.
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January 23, 2019 |By Brad Powell

Point West Testimonial: The Credit Union Regulatory Space

This blog is one in a three-part series about how Point West Credit Union was able to save time, reduce risk, and increase efficiencies in their audit process by using Redboard’s credit union compliance software.
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January 15, 2019 |By Brad Powell

Do Credit Unions Need External Audit Tools?

Many credit unions get by just fine without any specialized audit software. Many get along okay, but there’s a little more panic and close calls involved. When are external audit tools and compliance software necessary?
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January 8, 2019 |By Brad Powell

NCUA Audit Nightmares: We Lost Five Million Dollars

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.
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January 3, 2019 |By Brad Powell

NCUA Audit Nightmares: We Had to Sell Our Best Securities

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.
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December 26, 2018 |By Brad Powell

NCUA Audit Nightmares: Prepare, Prepare Like Crazy

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.
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December 17, 2018 |By Brad Powell

NCUA Audit Nightmares: Going for the Gotcha!

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.
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November 20, 2018 |By Brad Powell

What Have Credit Unions Said About Efficacy?

At this point, we’ve worked with a lot of credit unions. As such, we’ve received a lot of feedback about what it’s like to use Redboard. A couple major points about Redboard’s reported efficacy have stuck out to us.
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October 9, 2018 |By Brad Powell

Why Use a Tool for Your Audit Process?

One thing is for certain: when it’s time for an audit, you need tools at your disposal. What kind of tool you need for that process depends on how much legwork and risk you’d like to take on.
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October 2, 2018 |By Brad Powell

How do Credit Unions get Great Audit Results?

If you’re spending money on new auditing tools, you’ll want to know that the money you spend is actually doing something for your credit union. To better discern what Redboard’s impact is, we have a few evaluative questions to help you gauge Redboard’s efficacy.
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June 20, 2017 |By Brad Powell

The Hidden Risks in Credit Union Regulatory Examinations — and How to Avoid Them

I recently was invited to give a talk at the Credit Union InfoSecurity Conference in San Diego. I shared five of the hidden traps for regulatory compliance and examinations for credit unions. What follows is the lightly-edited text of that presentation.
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June 2, 2017 |By Brad Powell

Tips for Credit Union CEOs Preparing for a Regulatory Examination

I recently found a helpful resource for CEOs whose credit unions are preparing for a regulatory examination.
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May 21, 2017 |By Brad Powell

How the NCUA AIRES Questionnaires Can Help Your Credit Union Prepare for Your Next Regulatory Examination

For most credit unions we talk to, regulatory examinations are a bit like college finals week. They cause a lot of stress and, like a cram session, your team often ends up rushing to get the examiner everything they need at the last minute.

You could say there’s a reason regulators call them exams.

But the National Credit Union Administration (NCUA) publishes detailed roadmaps to passing – the kind of study guides that only the most lenient professor would provide.

These guides are called the AIRES questionnaires. They’re easy to download and available to any credit union.

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May 12, 2017 |By Brad Powell

One Simple Way Credit Union CEOs Can Decrease Regulatory Exam Response Risk

Federal regulations have imposed a staggering burden on credit unions over the past seven years.

According to a study commissioned by the Credit Union National Association (CUNA), credit unions’ regulatory costs have increased by $1.7 billion since 2010. In that span, CUs have seen a 91 percent increase in staff time spent on regulatory activities. That’s something that credit union CEOs are paying attention to.

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April 24, 2017 |By Brad Powell

5 Strategies to Avoid Risk During Your Credit Union's Next Regulatory Examination

Do you know of anyone who looks forward to credit union exams? Do they have NCUA rules and regulations tattooed on their arms? Do they read article after article exploring various credit union compliance resources?
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