Mike Richards Weekly News Summary

Weekly News Summary Mike Richards CPA

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.   Have a great week! Mike Richards, CPA  WISHING YOU A HAPPY & HEALTHY NEW YEAR!!

 

 

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. Weekly jobless claims rise less than expected, but hold above 800,000 Read More  Wall Street closes out wild pandemic year with Dow, S&P at records Read More  Auditing goes remote 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.  History Repeats: More Stimulus Payments Are Here Read More  Debt Collection December 2020 Final Rule Read More  Board Approves Final Subordinated Debt Rule Read More  Board Approves Proposed Rule to Allow Exemptions from SAR Requirements 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.  Houston; Former bank employee Claudia Wells Sept arrested in embezzlement scam Read More  Financial fraud risks to watch for amid the pandemic Read More  NCUA Issues Two Prohibition Orders in December Read More

 

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