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Compliance! It's a topic that probably always ranks at the top of your priority list. Use CU*BASE to stay on track with compliance measures and support your next successful examination. |
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Where can you determine normal ACH activity for your members? |
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This feature allows you to analyze specific areas such as ACH to find large transactions that could indicate personal accounts are being used as business accounts. |
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Which report can you generate to monitor for structuring? |
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When a member frequently deposits large sums of money, it could indicate suspicious activity. When you open your toolbox, this report should be in it. |
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How can you verify CU*BASE access matches employee job functions? |
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Access to CU*BASE is controlled with this menu option then verified with this report. |
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Where can you flag memberships as high risk and monitor activity? |
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Due diligence is the act of qualifying members as High Risk based on specific criteria. Once identified, these member accounts can be monitored through use of this report.
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Where do you start the review process for dormant accounts? |
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Dormant accounts are prime territory for suspicious transactions and should be monitored on a regular schedule. |
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Where can I gain practical insights and discuss compliance issues in a trusted environment? |
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CU*Answers designed this site as a place to post articles and encourage discussion of compliance topics. |
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Keep Asking Questions! |
Have you found the answers yet? More importantly, have you prompted your team to see if they know the answers? If you're stuck, in two weeks we'll send a follow-up newsletter with a few hints. Read back issues of the CEO Tickler at http://www.cuanswers.com/ceo_ticklers/ |
