Thursday, July 30, 2020

Economic and Industry Issues

Weekly News Summary -  July 30, 2020

Press Release
For Immediate Release
Weekly News Summary
Hello NCOFCU Members,

Here are some things that were in the news last week. Please share these articles with your Supervisory Committee and Board of Directors. If you missed previous editions of the weekly news, summaries of those can be viewed at our archive

Have a great week!
Mike Richards, CPA     

The Callahan Credit Union Auditors Guide is now available. Our firm exists exclusively to serve the Credit Union Movement, and that shows in the ratings attached. Thanks to all of our clients!

Callahan & Associates: 2020 Credit Union Auditors Guide  Read More

Economic and Industry Issues

Knowledge is the key to effective corporate governance. Staying abreast of economic and industry issues affecting your credit union will prepare you for those responsibilities.

CUNA economic and credit union forecast - July 8, 2020

Is Today Like The Great Recession Or The Great Depression?  Read More

How Credit Unions' Competition Could Change   Read More

Credit Union Leaders Share What's Working During Uncertain Times  Read More

Weekly claims turn higher as coronavirus jobs crisis inflicts more damage  Read More

Regulatory and Accounting Issues

Regulatory and accounting issues are changing all the time. Staying abreast of those changes is an important part of the corporate governance.  

Berger calls for CU CECL exemption as FASB gets new chair  Read More

NCUA set to address FOM changes, CECL implementation  Read More

Credit Union Director Handbook  Read More 

Fraud Awareness

As you will see from reviewing these articles, fraud can happen in any credit union. Staying vigilant is the key to preventing your credit union from being the next victim.   

Former NYPD cop Joseph Guagliardo sentenced to more than 2 years for stealing $400K from MCU   Read More

Securing A Digital, Branch Or Network Transformation  Read More

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