I was asked to see if other CUs would be willing to share some membership growth information from 2005 to 2010. We are wanting No. of members per year and growth percentage. Looking for feedback from all CUs, but are especially interested in those with a heavy military base. Any and all help is greatly appreciated. I know this is a lot to ask.. Heidi Fry-Nolte Fort Bragg FCUFayetteville/Fort Bragg
I thought I read somewhere in the forum about vendor relationship management responses to the NCUA directive for credit unions to have a program in place for monitoring. Last year the NCUA paid us a visit and were not sold on our vendor due diligence program, so we "threw it out the window" and started from scratch. Our new program requires more information, as well as accountability from our vendors so we can better determine the level of risk. Currently we are experiencing push back from our vendors because they have never been asked to provide documentation before and they appear to be
Hi Everyone -Out Credit Union just recently formed a formal Audit Committee. The Audit Committee is preparing to conduct interviews for potential Committee members. Do any of you have a list of potential interview questions for an Audit Committee position that you would be willing to share?
HI all,anyone allow straw purchase of vehicles? If so, is it written into your lending policy?
I'm wrapping up the Used Auto Loan Audit and suspect the losses are kind of high. Our losses are in the .70 - .95% of Used Auto loans.Does anyone know where I can obtain indusrty averages or would you be willing to share so I have something to benchmark against. We are at the 700mm mark with 67k members Thanks
Hi,Are we required to notify cardholders of the final results of a chargeback/dispute claim on a Visa debit card? It would be helpful to not have to do this for valid claims because of the increase in dispute volume...If we are required to notify, is this governed by Reg E or Visa Operating Regulations? Thanks,Aya Suzuki, Internal Audit DirectorFresno County Federal CU
Do your credit unions pay incentives to real estate lending management? If so, what are you incenting and how did your credit union structure the program? Does it include Vice Presidents? Any insight on this topic is appreciated, especially in light of regulations out for comment rearding executive incentives.
Does anyone have an audit plan or suggestions for a review of loans that have been denied? Both from a Reg B perspective and the possibility of missed opportunity for the credit union. I know this was discussed eons ago at an Annual Conference- doing autopsies on dead loans.Does this ring any bells? If so could you possibly share what works for you? Thanks in advance -Beth Dary, AM CommunityKenosha WI
If your credit union uses a 3rd party to do website compliance reviews, whom do you use?
For FedLine Advantage users, do you perform ongoing 3rd Party Due Diligence on the Fed, as you would any other "non-government" vendor? If so, what do you do?
