Credit Unions | Albin, Randall and Bennett

NCUA Issues Annual Letter to Credit Unions for 2020

On January 7, 2020, the National Credit Union Administration (NCUA) issued its annual letter to credit unions. The 2020 letter discusses supervisory priorities in preparing for NCUA examinations and statutory and regulatory updates. Supervisory Priorities for 2020 Bank Secrecy Act (BSA) and Anti-Money-Laundering (AML) Compliance – There are numerous improvement efforts in the works for


Cybersecurity: Is Your Data Safe?

It’s no secret that incredible technological strides in banking have been made over the past decade. The benefits we experience with new technologies and the evolution of cloud computing – from the instant gratification of mobile banking to interoffice and global communications – also present heightened areas of risk. We are increasingly reliant on information


FASB Delays Effective Date for CECL

We have been closely following as the complex legislative journey of CECL unfolds. When the CECL method was initially introduced, the Financial Accounting Standards Board (FASB) outlined a timeline for implementation, but after comments from the industry, the FASB realized additional time was needed to analyze the standard and review calculation options, thus adjusting the