Hello, Currently, our CU requires that vault cash be balanced in dual each day at close of business. Dual control is defined by Person A strap counting and calling out totals while Person B observes and writes those totals down on the vault balancing sheet. Then the two switch roles and Person B performs an independent strap count while Person A observes and scribes. Once in agreement, those totals are entered into and validated against the system generated totals. Are any CUs taking different measures to count vault cash and if so, do you mind sharing? What are the Dual Control Standards within your CUs and what processes do they affect? Thanks for any and all help! [email protected]
March 10, 2015 - 4:02pm
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