Richards & Associates CPA's Weekly News Summary




Weekly News Summary -  August 3, 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.

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

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

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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