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Richards & Associates, CPA's

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

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.

  • Welcome to the PSCU Payments Index Read More
  • New NAFCU campaign, ‘Stop Big Bank Bullies,’ calls out banking industry misconduct 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.

  • Federal Credit Union Meeting Flexibility in 2022 Due to the COVID-19 Pandemic Read More
  • FASB reconsiders accounting for troubled debt restructuring by creditors 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.

  • Safeguarding Against Fraud: 5 Best Practices to Know Read More
  • Romanian National Sentenced for Stealing $80K from Credit Union Accounts Read More



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