United Nations FCU announced that its UNFCU Financial Advisors CUSO will begin to offer private unemployment insurance to help supplement state unemployment benefits for those who have lost their jobs. It is being done through Assura Group of N.Y. Ltd, and is underwritten by the Great American Insurance Group. The new offering, called IncomeAssure, replaces [...]
Read MoreA credit union internal auditor conducts audits to monitor the institution’s financial soundness, regulatory compliance, internal controls, and a range of other audit topics. This is the technical side of the auditing job, and it keeps internal auditors continuously occupied. But there is another, less tangible aspect of the job: providing insight to the board [...]
Read MoreOne of the most effective ways to ensure a financial institution’s safety and soundness is to strengthen its system of internal controls. Oversight of internal controls is a central management responsibility shared by the board of directors and senior management and supported by a robust internal audit function. Internal control deficiencies are typically the root [...]
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