The following are recent case studies. Each exampling a solution to number
of unique challenges. We invite you to check back often as we cycle out old case
studies and replace them with new ones.
Bethpage Federal Credit Union
Challenge: Bethpage had completed an internallydeveloped risk assessment
and was disappointed to discover that lower-level management did not understand
how to properly evaluate risk. Bethpage needed a way to teach its front-line managers
how to identify and evaluate risk.
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ABNB Federal Credit Union
Challenge: ABNB’s risk management efforts were highly fragmented, with each
department responsible for its own area. ABNB wanted to consolidate all the individual
areas of risk in order to provide management with consolidated view of enterprise
risk.
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Nevada Bank & Trust
Challenge: Nevada Bank & Trust was operating in a reactive mode with
respect to risk management. They were unequipped to proactively identify, prioritize
and mitigate risks to the institution.
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Richfield Bloomington Credit Union
Challenge: RBCU converted to a new core processing system in 2005. For the
next two years, management focused on implementing the new system and retraining
staff. In 2007, a regulatory exam uncovered problems with RBCU’s system of internal
controls – internal policies and procedures had not been updated to reflect the
institution’s new information technology (IT) and operating environment.
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