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Learn about Best Practices Contributing to Well-Run Credit Unions

ALEXANDRIA, Va. (Aug. 3, 2015) – Credit unions interested in learning more about maintaining adequate internal controls can get valuable information during an upcoming webinar, “Internal Controls and Accounting Tips for Small Credit Unions,” offered by the National Credit Union Administration.

The 90-minute webinar is scheduled for Wednesday, Aug. 19, beginning at 2 p.m. Eastern. Online registration is available here (opens new window). Participants will also use this link to log into the webinar. Registrants should allow pop-ups from this website. There is no charge.

Dominic Carullo, Economic Development Specialist with NCUA’s Office of Small Credit Union Initiatives, hosts a panel that includes Carolyn Penaluna, Senior Analyst with NCUA’s Region IV Division of Supervision; Mary Gay, Principal Examiner with NCUA’s Region IV; and Kerri Piekarski, Principal Examiner with NCUA’s Region III.

The panel will discuss topics including, but not limited to:

• The purpose of internal controls,
• Segregation of duties,
• Supervisory Committee audits,
• Appropriate use of the prepaid account, and
• Proper accounting for Other Real Estate Owned transactions.

Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read, “Internal Controls and Accounting Tips.” Participants with technical questions about accessing the webinar may email audience.support@on24.com. This webinar will be closed captioned and then archived online here (opens new window) approximately three weeks following the live event.

NCUA’s Office of Small Credit Union Initiatives fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions, minority depository institutions and credit unions with a low-income designation.