Artificial intelligence (AI) has evolved considerably in the last several years. It started with rumors and promises. Then, it emerged as a parlor trick. Now, it’s making videos, creating images, and writing anything from legal documents to blogs...
Taking Part in Your Credit Union’s Next Audit? Read This.
If you are reading this, you may be new to the world of credit union audit processes. Audits are an essential part of the credit union’s operations and ensure that all...
How to Measure Success when Implementing Auditing Solutions
Finding a solution to address credit union auditing inefficiency is difficult enough. Measuring success after actually implementing changes in the audit process is an additional...
If your credit union struggles to keep up with increasing audit demands, you're not alone. Unfortunately, credit union auditors rarely have the resources to fix every problem at once. It’s key to prioritize changes that have the potential to...
Credit union growth brings always brings new problems—or exacerbates existing ones. There's one common culprit for both:Audit departments aren’t growing as quickly as their increase in new responsibilities. There isn’t enough time or...
Redboard is a credit union audit management platform that has helped credit unions of all sizes reduce their audit administration time by 50%. At the Association of Credit Union Internal Auditors conference, Redboard unveiled two pieces of...
Helping credit union audit programs succeed is our mission at Redboard. We’ve developed checklists, worksheets, and more to help auditors increase their bandwidth.
Now, Redboard has teamed up with The Audit Library to save credit union...
Credit union audits and exams are ongoing compliance activities for auditors and business units alike. Yet, without a solid, repeatable structure, they can drain significant time and resources. And in...
Spectra Credit Union is based in Alexandra, Virginia. They control over $500m in assets and are growing quickly. Their audit team is small and also handles risk, compliance, and other regulatory duties.
Do you know of anyone who looks forward to credit union exams? Do they have NCUA rules and regulations tattooed on their arms? Do they read article after article exploring various credit union compliance resources?
The world of compliance moves fast, and new regulations emerge monthly. It’s important to keep your ear to the ground to see whatever changes are coming. And, seeing other people’s approaches—both from the regulatory side and from the credit union...
We’re proud to announce the release of Redboard 11.1, the best version yet of our credit union audit management software. We’ve added new productivity enhancements to ensure smoother, more efficient audits and exams.
Credit unions are facing new challenges during COVID-19. Many of their members are facing new financial circumstances, and those members are asking new questions. Credit unions are working hard to provide answers.
The COVID-19 pandemic has brought about a lot of changes for credit unions. New compliance measures. New forbearance guidance. Operational priorities.
Being a credit union auditor can be pretty straightforward. Balance risk, enhance reporting, and optimize performance. But COVID-19 threw a wrench in the standard.
Digital Federal Credit Union (DCU) is based in Marlborough, Massachusetts, and their member base is spread across every state in the union. At over $10b in assets, DCU’s audit department had their hands full. Coordinating their audit activities and...
Some things seem so obvious after they’ve been invented and gotten popular. Think: the wheel instead of walking. Netflix instead of renting. Texting instead of calling. Sliced bread instead of… whatever came before that. But where things weren’t...
Redboard and Ongoing Operations team together to support credit unions with remote work ready Compliance and Audit Platform free for 120 days.
With a sudden shift to remote working environments, and the stress of maintaining operations...
(This is part three in a series on the three lines of defense in credit union risk management and compliance. You can readpart one here andpart...
We’re happy to announce the release of Redboard 10, the most comprehensive version of our audit management software platform yet. We’ve added new features and abilities that ensure smoother, more efficient credit union audits and exams.
When...
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