The OGO Blog

What happens if a Credit Union doesn't follow FFIEC guidelines?

We’ve blogged quite a bit lately about FFIEC Information Technology compliance standards and even pulled it all together into an e-book to make it easier to use as a guide.  But this week, a reader reached out to ask the ultimate question “What happens if I don’t follow the FFIEC guidelines?” Understanding the role and…

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FFIEC Requirements – E-Banking

If you’ve been in the financial world for a while, you may recall that “online banking” was supposed to reduce/eliminate the need for traditional “brick and mortar” branches.  Needless to say, that didn’t happen. E-banking as a delivery channel fell right in line with other convenience type services such as ATMs, telephone tellers and even…

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What Does the FFIEC Say About New Technology Projects?

Considering today’s complex I.T. infrastructures I think you’d agree that simply throwing something into your data center without a well-developed project plan not only lacks the type of due diligence expected of your members but also borders on negligence

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FFIEC Requirements – BCP Board Oversite

in virtually every section of the FFIEC IT Handbook you’ll find an entire segment on “roles and responsibilities” – An area that defines who and who shouldn’t be performing certain duties/roles. Our next section to review – “Business Continuity Planning”…

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FFIEC Requirements: Credit Union Technology Audit

Often overlooked and always misunderstood (oh wait… wasn’t that a song?), Information Technology auditing can make even the most hardened CIO’s take defensive stands in a misguided attempt to protect the team and their…

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What are the FFIEC guidelines for a Credit Union disaster recovery test?

The FFIEC, or the Federal Financial Institution Examination Council is a group made up of all of the financial industry regulator bodies. The NCUA, FDIC, OTS and others all sit on the council and work to provide consistent audit guidelines across all agencies. There are seven key elements that should be part of any Disaster Recovery test …

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