Credit Union News - Summer 2011

The summer OSV cycle in Ontario is well underway. Most credit unions have had, or are scheduled for, On-Site Verifications by the Deposit Insurance Corporation of Ontario. We have seen some trends in their findings that may help you identify gaps in compliance and correct them promptly in your institution. Please note that these findings are derived from the reports of a variety of institutions who have consented to our anonomously sharing their challenges and lessons learned.