As a credit union auditor, you (and your team) are experienced and dedicated experts. But you rely on other business areas to assist, support, and complete audit tasks.
Each year, the NCUA sends out their list of supervisory priorities for the year. Credit unions preparing for their exams can reference the letter to focus on specific areas.
Making a decision to try something new in your work life can be scary. You’re always looking to make improvements and do things better, but at the same time you don’t want to make a mistake. This goes double for anything audit or compliance related.
Credit union audits and exams are ongoing compliance activities for auditors and business units alike. Yet, without a solid, repeatable structure, they can drain significant time and resources. And in today’s economy, resources are already at their breaking point.
Spectra Credit Union is based in Alexandra, Virginia. They control over $500m in assets and are growing quickly. Their audit team is small and also handles risk, compliance, and other regulatory duties.
This blog is based on part of an article I wrote for The Audit Report, the official publication of the Association of Credit Union Internal Auditors.
This blog is based on part of an article I wrote for The Audit Report, the official publication of the Association of Credit Union Internal Auditors.
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Credit union regulatory exams don’t come around often, but they are stressful. These exams tips will give you more confidence and better results.
Do you know of anyone who looks forward to credit union exams? Do they have NCUA rules and regulations tattooed on their arms? Do they read article after article exploring various credit union compliance resources?
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