By Michael Gerbick, President, Young & Associates On Thursday, November 7, 2024, Jerome Powell and the FOMC (Federal Open Market Committee) announced a 25 basis point (bp) interest rate reduction...
By Jerry Sutherin, CEO at Young & Associates Despite having limited requirements as defined by interagency guidance, the case can be made for requiring community financial institutions to have regular...
By Jeanette McKeever, CCBIA, Director of Internal Audit, Young & Associates In today’s financial landscape, banks and credit unions increasingly rely on third-party vendors to meet regulatory demands, leverage technological...
By: Michael Gerbick, President at Young & Associates Interest rate risk (IRR) is the exposure of a bank or credit union’s current or future earnings and capital to adverse changes...
By: Edward Pugh, CAMS, CAMs-Audit, AAP, CFE Financial Institutions are increasingly relying on third parties for a broad range of products and services. Utilizing third parties can offer organizations significant...
