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We just published a new whitepaper that features 6 tips to avoid accounting mistakes in 2020, written by our outsourced accounting experts. It's a compact paper that packs a lot of punch - and a must read for individuals working in credit union accounting. Below is a snippet of the paper. If you'd like to download the full resource, simply scroll down and click!
Lackluster accounting can be the downfall of a credit union. It can lead to increased audits from the National Credit Union Administration (NCUA) and can even impact your Capital Adequacy, Asset Quality, Management, Earnings, and Asset/Liability Management (CAMEL) rating.
However, by implementing robust, daily processes, your credit union can avoid the headaches and financial burdens that come with poor accounting practices.