Weekly News Summary
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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
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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
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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.
Credit Union Trends
Report July 2020 (May 2020 Data) Read
More
The Impact of
COVID-19 on Internal Audit Read
More
Savior
found for shuttered Richmond printing plant's credit union Read
More
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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.
Board Approves Field of Membership Rule
Changes Read
More
NAFCU-supported PPP forgiveness bill introduced in the
House Read
More
Fed holds rates, notes slowing economic activity Read
More
Fed task force outlines ways to address coin
circulation issues Read
More
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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.
Advisory on Cybercrime and Cyber-Enabled Crime
Exploiting the Coronavirus Disease 2019 (COVID-19) Pandemic Read
More
Serious Concerns of Potential Fraud in Economic Injury
Disaster Loan Program Pertaining to the Response to COVID-19 Read
More
NCUA Issues Prohibition Notice - July 2020 Read
More
Logan Woman Pleads Guilty to Embezzling More than
$200,000 from Credit Union Read
More
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