Credit Union Basics for New Employees Part 2: Regulatory Issues, Exams, Audits
Why does your credit union go through exams and audits? Why is it so important to do well on them? The financial industry is highly regulated for one primary purpose – to provide consumers with clear, accurate information so they can make good financial decisions and account/loan choices. To accomplish that goal, examiners schedule several different examinations throughout the year. In addition, your auditors (internal or external) conduct audits throughout the year to “test” your credit union before the examiners arrive. This session will address the types of exams your credit union will experience and how it involves individual job responsibilities. It’s important to know the impact you have on the outcome of the exams!
Recorded Wednesday, June 24, 2015
Continuing Education: Attendance verification for CE credits upon request
- Background information on examiners and auditors
- What is involved during compliance exams?
- What are risk management exams?
- Fair lending exams
- Information technology exams
- The internal/external audit process
- TAKE-AWAY TOOLKIT
- Cheat sheet on compliance regulations for your credit union
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
PART 1 ALSO AVAILABLE!"Credit Union Basics for New Employees Part 1: Financial System, Deposit Operations, Lending"
Recorded on Wednesday, May 27, 2015
WHO SHOULD ATTEND?
This informative session is directed to new employees, but will also be advantageous for all credit union employees who want to learn more about the ever-changing regulatory environment.
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