NCOFCU-25

Petrone will share some ways in which volunteers can help prevent and detect fraud.  For lending, some relevant internal controls Petrone mentioned include: segregating duties within the loan department; reviewing file maintenance reports daily; periodically confirming member loans by telephone; and protecting/monitoring dormant accounts.  For credit union Card Departments, Petrone advised deploying a lockout feature on credit card terminal to block card department employees from processing transactions on their own credit card account and accounts belonging to their family members; review monthly report of employees' and their family members' credit card accounts; and audit card department employees' and their family members' credit card accounts.

Executive Benefits
Supplemental Executive Retirement Plans (SERPs) are considered Non-Qualified executive benefit arrangements. Unlike qualified plans, like 401(k)s or 403(b)s, employers may choose to only include key people. SERPs are highly customizable to meet the individual goals of the key person being rewarded.

Executive benefit plans are used by for-profit and non-profit organizations to protect their human capital. Studies show over half of American executives are expected to retire within the next five years. As a result, directors and executives alike list recruitment and retention as their top concerns when looking to the future.

With over 75 years of combined experience in this specialization, Modern Capital Executive Solutions will guide you toward keeping and growing your talent pool while maintaining the safety and soundness of your balance sheet.

Take the opportunity Friday afternoon to enjoy the many sites in San Antonio, TX..

Come join us as we celebrate another year!