How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
NCUA issues prohibition order
The NCUA reports that it issued one prohibition order in June.
A former employee of Midwest Carpenters & Millwrights Federal Credit Union, Hobart, Indiana, found to have misapplied funds totaling approximately $1.5 M, consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against him.