AuditLink, the audit and compliance division of CU*Answers, hosted its fifth annual Conversations on Compliance event. Over fifty attendees were on site at the CUSO’s Grand Rapids, Michigan headquarters, coming from all over the country to learn about current topics related to compliance.
The day’s agenda included presentations by AuditLink Manager Jim Vilker on de-risking and its impact on credit union communities; Marvin Johnson, assistant manager, and Patrick Sickels, Internal Auditor, spoke on best practices of evaluating compliance risk, vendor management contract review, and reviewing compliance risk of potential merger partners; and Steven Van Beek from Howard & Howard presented on common compliance challenges. Jim Vilker finished up the day by reviewing internal controls in the wake of recent large embezzlements and an interactive session on developing a marijuana situational risk assessment.
Jim Vilker said: “This event has grown year over year and the content is always developed based upon current challenges for compliance and audit related professionals. By virtue of AuditLink’s unique shared execution services we have become a centralized intelligence unit for the entire cooperative which then translates to diverse and current training content.”
Jason Schmidt, compliance and internal auditor for Frankenmuth Credit Union added: “This was my first time attending the Conversations on Compliance seminar. The topics covered—especially internal controls 101—were beneficial to both compliance and audit focused staff. The presenters kept the audience engaged and were open to all questions. I would definitely be interested in attending future seminars.”
About CU*Answers, Inc.
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded in 1970, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 2 million members and $21.5 billion in credit union assets. For more information, visit www.cuanswers.com.