Does anyone have a list of questions used for internal fraud investigations that they are willing to share? If so, please email them to: [email protected]. Thanks.
Hello all:Examiners are here! It has been suggested to me that I set up a spreadsheet to keep track of all of our external (NCUA, Financial, ACH, BSA, IT) audits in one place. Listing the exam, the items we need to work on, etc. Does anyone already have one of these developed and would you like to share? You can email it to me at [email protected]Thanks,Kim
Night Deposit Opening and Posting processDo you require the following regarding your Night deposit:Logging all items in the night deposit (both cash and checks) to a logHaving 2 people sign date and time stamp the logPost items under dual control to members accountsWe currently log cash only and do not have dual posting requirments. Thank you, Kim
Federal Credit Union Bylaws state that Board is responsible for “authorizing the charge-off of uncollectible loans".
NCUA Legal Opinion October 11 1994 states N"either the Act, the Regulations nor the Bylaws address the policies or procedures for charging off uncollectable loans". I could find no other relevant reference ito my question in NCUA Legal Opinion Letters.
We receive requests on a daily basis for member account information. These requests are typically related to a mortgage loan, a divorce or a verification of assets from a municipality as part of some type of government assistance. The majority of these requests are received by fax. Our employee will review the documents, compare the signature(s) on the document to those on file and fax the information back. I am a little concerned that we only verify signatures. It is too easy these days to cut and paste. Also, the requests always ask for the account number. At this time the full ac
Looking to see if anyone has a policy or procedures for how their CU has controlled credit limits on lines of credit? For example, if the member was previously employed and now is not, do you have a policy for how to handle these situations? Thank you in advance, Tim Merwin[email protected]
Anyone willing to share an MBL audit program that they have? Thanks in advance, Tim Merwin[email protected]
I'm starting an HR audit and would like to compare our program with others. If you are willing to share, please send your programs and/or ICQs to: [email protected]. Thank you very much in advance. : )
We have a member that is out of the country and has electronically requested his account be closed. The question was sent back to him asking where he would like the remaining funds (less than $10) to be sent. He replied that because he was out of the country he wanted to donate it back to our credit union. We have a couple charities we support and the funds could go there, but for an audit trail, how would you make the check payable (or note the GL if it's a transfer directly into the charity GL)?
We currently do not have an internal audit department, but I am trying to establish the practice of performing audits regardless of the lack of staff. I have quite a few checklists that I use for various lending audits, but I'm in the need of something for Home Equities. I'm wondering if someone would be willing to share an audit checklist for HE loans? Thanks in advance..Kind regards,Lauren
