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Learn about Internal Controls, Red Flags and Accounting Standards Changes

ALEXANDRIA, Va. (May 31, 2016) – Strong internal controls and accurate accounting are essential to safe and sound credit union operations, and the National Credit Union Administration will host a webinar to discuss important topics in these areas.

The webinar, “Internal Controls and Accounting Tips for Small Credit Unions, Part II,” is scheduled for Wednesday, June 22, at 2 p.m. Eastern. The webinar will run approximately 90 minutes and include a 30-minute question-and-answer session. There is no charge.

Dominic Carullo, an economic development specialist with NCUA’s Office of Small Credit Union Initiatives, will moderate a panel that includes NCUA Supervision Director Scott Neat, Region IV supervision analyst Carolyn Penaluna, and Region III examiner, Kerri Piekarski. Our panel will follow up on topics discussed during part one of this series, including:

• Expected changes to the allowance for loan losses;
• Best internal control practices for small credit unions;
• Understanding grant accounting; and
• The NCUA Call Report.

Online registration is available here (opens new window). Participants will also use this link to log into the webinar, and they should allow pop-ups from this website. Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read, “Internal Controls and Accounting Part II.” 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 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.