NCUA Audits and Exams

February 20, 2019 |By Brad Powell

Time-Saving Strategies for Credit Union Audits

Credit union audits are time-consuming. From the first letter, to mobilizing your team, to addressing items, to coordinating and delivering documents, quite a few work-hours go toward successful completion of NCUA audits.

So, what is your time worth?

How would you like to cut 10–25% of the time off your audit?

What if you could save time on your audit while also increasing your security and efficiency?


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February 14, 2019 |By Brad Powell

NCUA Audit Checklist for Credit Unions

Okay, we get it. Audits aren’t easy, and there’s no secret hack to make them less difficult.

However, a little preparation never hurt. In fact, even an ounce of preparation could end up worth about a pound of cure. (We’re not sure if there’s an equivalent for the metric system…)

Still, preparation isn’t worth a darn if you’re not doing it right.


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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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December 13, 2018 |By Brad Powell

NCUA Audit Nightmares: My Examiners Didn't Trust the Numbers

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 27, 2018 |By Brad Powell

How Can Credit Unions Request New Product Features?

If you’re considering Redboard for your credit union, or if you’re already using it, you might wonder how you can request new product features. Today we’ll discuss how Redboard addresses your emergent or continuing concerns in the realm of auditing software.
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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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November 6, 2018 |By Brad Powell

Using the NCUA Examiner's Guide for an Internal Control Audit

NCUA rules and regulations require a demonstrable level of risk management from credit unions. If you’re looking to prepare for your next examination, your best bet is to look at the NCUA examiner’s guide. In it you will find the resources that your NCUA examiners will reference for your next internal control audit.
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October 30, 2018 |By Brad Powell

Tracking Data Through your Internal Audit Process

It doesn’t matter if you’re the biggest credit union in the world, or if you’re small but mighty: you’ll have to do an internal audit. During your internal audit process, one of your biggest keys to success is tracking your data.
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October 22, 2018 |By Brad Powell

How to Mitigate Credit Union Risks During Your Internal Audit

Assessment of risk and finding ways to mitigate it are critical components to a successful internal audit. Here are a few strategies for your credit union to consider the next time examiners come a-knocking.
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October 16, 2018 |By Brad Powell

Are You Ready for Your Internal Audit?

Oh no! You’ve just received notice of an upcoming internal audit. Are you ready for it?
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October 9, 2018 |By Brad Powell

Does your audit process meet NCUA regulations?

Here’s a hypothetical: your credit union has just been audited. You mobilized your team, they collected documents and provided answers to any pertinent questions, and you compiled and submitted all the information. How well do you sleep that night?
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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

My Career Path to Redboard

Not many professionals enjoy a straight path to wherever they end up. Like most people, I took the scenic route to creating Redboard. I hope that by sharing a little about myself, you can see what kind of values lie at Redboard’s core.
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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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