Vendors’ independent audit (SSAE) and Service Organization Controls (SOC) reports are integral to a financial institution’s due diligence program. There are strict standards associated with, and distinct differences between, the audit report types (SOC 1, SOC 2, and SOC 3).
January 23, 2025—The NCUA’s January 2025 Letter to Credit Unions (25-CU-01) outlines their supervisory priorities for the year and chang...
October 1, 2024—As regulated financial institutions, credit unions are acutely aware of the risks to infrastructure, software, data, and r...
September 1, 2024—In addition to the other supervisory priorities of Bank Secrecy Act Compliance, Information Security, and Consumer Finan...
September 1, 2024—It should come as no surprise to credit unions that their regulators often recommend and sometimes require third-party v...
June 1, 2024—The 2024 Payments Fraud and Control Survey Report published by the Association for Financial Professionals in April 2024 repo...