Before 2019 came to a close, President Trump signed legislation to repeal the unrelated business income tax on certain employee transportation fringe benefits. Originally created by the Tax Cuts and Jobs Act of 2017, the unrelated business income tax...

Core system conversions can be one of the most-costly activities a financial institution undertakes. It’s a strategic decision that involves both cash expenditures and dedicated time from some of the organization’s most capable personnel. Given t...

On June 5, 2019, the Consumer Financial Protection Bureau (CFPB) announced  it had settled with Freedom Mortgage Corporation (Freedom) over Home Mortgage Disclosure Act (HMDA) violations. The CFPB found that Freedom, one of the ten largest HMDA repo...

With the organic growth of credit unions and the increasing number of mergers and acquisitions, many times the question arises, should management consider secondary capital. To help you make sense of this trending capital alternative and determine if...

The National Credit Union Administration (NCUA) recently released its primary areas of supervisory focus for 2018. Top credit union CPA firm Doeren Mayhew has outlined the seven areas below: 1. Cybersecurity Assessment. In 2018, cybersecurity will re...