- Watching the Watchdog: Lessons Learned on Internal Controls is the topic of a Nov. 9 webinar being hosted by CUNA. Employee fraud and dishonesty does not discriminate. Credit unions must approach risk and internal controls from every angle regardless of their size, number of employees or operational complexity. Unfortunately, embezzlement schemes last longer and result in more severe losses than most other risks. This session will go through common credit union loss scenarios, identify key warning signs to look for and show which checks and balances should be implemented to hold individuals accountable for their actions and limit the potential impact of employee dishonesty. The training is priced at $219 for CUNA affiliated credit unions and takes place from 3-4 p.m. (ET).
- CUNA will offer an Economic Update webinar on Nov. 10 from noon-1 p.m. (ET). Explore the national and international economic trends that will impact credit unions and learn about overarching issues and significant recent developments in the economy. Registration is $219 for CUNA affiliated credit unions.
- Credit union compliance and operations staff, including frontline, MSR’s, tellers and call center employees, will benefit from the upcoming CUNA webinar: The Ultimate Betrayal - How to Address Financial Exploitation of Seniors and the Disabled webinar. Taking place Nov. 17 from 2-3 p.m. (ET), the session covers state and federal privacy laws and regulations and explores the litigious society that has fostered a climate of “don’t tell, don’t disclose” when it comes to members’ accounts, financial matters and assets. As a result, unscrupulous family members, caregivers and so-called friends can be quick to assert undue influence over the elderly, disabled and infirm. Worse, they can become exploitative, neglectful, and even abusive. What can a credit union do to avert such abuse, what can it do to report it, to whom, when and how? Is any of it SAR-worthy? Sometimes the answer is the local DSS, sometimes the Sheriff and sometimes both. This session will explore a credit union’s rights, its duties and the methods to preserve both, while insulating itself from claims of privacy violation. Learn how to solicit permission from members to disclose any suspected financial exploitation to trusted designees, and the policies and procedures to support it. Registration is $219 for affiliated CUNA credit unions.
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