"CEO Tickler" Program

Compliance never takes a vacation

Compliance! BSA, Auditors, OFAC, FINCEN, Reporting, Monitoring, Due Diligence, Regulations, SARs, Requirements, CTRs, Red Flags, Examinations . . . Stop! A lot of words, bold labels, rising costs, dynamic development, hot buttons.

What are you doing to mitigate risk, perform due diligence, and assure the success of your next audit? CU*BASE is the premier solution for identifying, monitoring, documenting, and storing information about member accounts, and your operations to satisfy the inquiries of your auditors.

Where can you track transaction activity on accounts and assure they are within BSA requirements?

This screen is similar to the Collections Inquiry system allowing you to mark items as "verified" which indicates your diligence in monitoring member transaction activity. One example is detecting evidence of structuring.

Where can you configure Red Flag alerts that indicate changes have been made to member personal data?

Red flags are actions associated with identify theft. CU*BASE and It's Me 247 online banking can be configured to produce a warning message when data such as a member's name, address, phone number or email address have changed. This CU*BASE feature also writes an audit tracker showing the old and new values with the employee ID of the person who made the change.

Where can you indicate the accounts you will track for Reg D compliance? Then how can you monitor that activity?

You will decide on the types of transactions subject to Reg D monitoring, configure the dividend application, then monitor those accounts monthly to assure the number of transactions fall within the proper range.

Where can you record and configure member's Reg E Opt-in/Opt-Out Preferences?

This new CU*BASE feature is the result of regulations imposed on financial institutions that prevents them from charging overdraft fees for ATM/Debit Card transactions unless the member/customer specifically opts-in and authorizes fees.

Employee Audits are simplified through this menu option. Where will you find it?

While there are several methods to research employee activity, this option allows you to review reports from File Maintenance, Teller Audit Keys, Account Status and Transaction Activity. Depending on your view of the data the report can display Profile and Special Security, Account Security, and Menu /Menu Options Security.

Summer is in session!

While the heat rises and days are long, we all try to squeeze in a few extra hours with friends, trips to the beach, a few miles on the bike, maybe a few rounds of golf. This doesn't mean we are any less diligent about our work, but we find creative ways of fitting it all in. The questions in this newsletter are geared to compliance. A 'summer style' hot topic, but by following through with the configurations and monitoring features in CU*BASE as profiled here, your next audit can net you some cool results.




Compliance never takes a vacation Compliance! BSA, Auditors, OFAC, FINCEN, Reporting, Monitoring, Due Diligence, Regulations, SARs, Requirements, CTRs, Red Flags, Examinations . . . Stop! A lot of words, bold labels, rising costs, dynamic development, hot buttons. What are you doing to mitigate risk, perform due diligence, and assure the success of your next audit? CU*BASE is the premier solution for identifying, monitoring, documenting, and storing information about member accounts, and your operations to satisfy the inquiries of your auditors.



Where can you track transaction activity on accounts and assure they are within BSA requirements? This screen is similar to the Collections Inquiry system allowing you to mark items as "verified" which indicates your diligence in monitoring member transaction activity. One example is detecting evidence of structuring.



Where can you configure Red Flag alerts that indicate changes have been made to member personal data? Red flags are actions associated with identify theft. CUBASE and It's Me 247* online banking can be configured to produce a warning message when data such as a member's name, address, phone number or email address have changed. This CU*BASE feature also writes an audit tracker showing the old and new values with the employee ID of the person who made the change.



Where can you indicate the accounts you will track for Reg D compliance? Then how can you monitor that activity? You will decide on the types of transactions subject to Reg D monitoring, configure the dividend application, then monitor those accounts monthly to assure the number of transactions fall within the proper range.



Where can you record and configure member's Reg E Opt-in/Opt-Out Preferences? This new CU*BASE feature is the result of regulations imposed on financial institutions that prevents them from charging overdraft fees for ATM/Debit Card transactions unless the member/customer specifically opts-in and authorizes fees.



Employee Audits are simplified through this menu option. Where will you find it? While there are several methods to research employee activity, this option allows you to review reports from File Maintenance, Teller Audit Keys, Account Status and Transaction Activity. Depending on your view of the data the report can display Profile and Special Security, Account Security, and Menu /Menu Options Security.



Summer is in session! While the heat rises and days are long, we all try to squeeze in a few extra hours with friends, trips to the beach, a few miles on the bike, maybe a few rounds of golf. This doesn't mean we are any less diligent about our work, but we find creative ways of fitting it all in. The questions in this newsletter are geared to compliance. A 'summer style' hot topic, but by following through with the configurations and monitoring features in CU*BASE as profiled here, your next audit can net you some cool results.


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