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Mike Richards CPA Industry Trends

Weekly News Summary
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.   

Happy Holidays!
Mike Richards, CPA
    

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.

Facing year-end cut off, U.S. banks scramble to extend COVID accounting relief Read More

 NCUA Quarterly U.S. Map Review – Third Quarter 2020 Read More

 Payments Trends In The Age of Coronavirus Read More

 The lasting impact of COVID-era audits 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.

Congress agrees to $900 billion Covid stimulus deal after months of failed negotiations Read More

 NCUA extends COVID relief, approves subordinated debt rule 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.

 Grand jury indicts pair for stealing money from three St. Louis-area credit unions Read More

 Ex-manager of Denison credit union pleads not guilty to $1.5 million embezzlement  Read More

 

 

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Bipartisan Bill Would Expand Federal Credit Union Investment Authority

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Just What Is Our Gross Domestic Product

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Senate, 51-47, has confirmed John Crews to the NCUA board

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Existing-home sales fell 3.7% in March

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New Analysis Sees Flat Mortgage Market for Next Several Years, Rates to Remain Above 6%

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Dolphin Debit Access ATMs Made Simple

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Inflation Cools in June Report, But One CU Economist Says There’s One Reason–And it Could Change

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