Annually I do a quick audit to make sure our staff members each take five consecutive days off for vacation, as per our Employee Handbook guidelines. The past two audits I have noted that the NCUA Examiners Guideline, Chapter four Internal Controls, has a category titled Control Activities which are the policies, procedures, and practices established to help ensure that management will carry out the directives of the Board of Directors at every business level throughout the Credit Union. By carrying out these directives the Credit Union can control the risks that could be costly.
This area considers that credit Unions need to require all officers and employees, in sensitive positions, take two consecutive weeks of "out of office" vacation each year, if practical.
Both my VP of Human Resources and CEO have asked me to pose two questions to my fellow auditors:
1. What would be considered sensitive positions at your credit union?
2. How many consecutive days are your staff required to take off?
Thanks,
Randy Brackman
