by Racheal Alvey | Jul 13, 2022 | Accounting for Credit Unions
CDFI Equitable Recovery Program For our credit union partners, on June 24, 2022, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened applications for the CDFI Equitable Recovery Program (CDFI ERP). The CDFI...
by Stephen Griffin | May 27, 2022 | Accounting for Credit Unions
Get the Most From Your Supervisory Committee An active Supervisory Committee provides for a healthy credit union by adhering to best practices and assuring the Credit Union has strong internal controls. Set Your Supervisory Committee Up for Success Your credit union...
by Racheal Alvey | Apr 21, 2022 | Accounting for Credit Unions
Small Business Lending Provides Big Opportunities for CUs According to the Small Business Administration, small businesses are 99.7% of all businesses in the United States. Small business is the backbone of the economy, and the American Rescue Plan presents credit...
by Stephen Griffin | Mar 23, 2022 | Accounting for Business, Accounting for Construction, Accounting for Credit Unions, Accounting for Health Clubs, Accounting for Medical, Accounting for NonProfits, Accounting for Not-For-Profit, Accounting for Pharmaceutical, Accounting for Small Business, Tax Accounting
Does Your Business Qualify for Employee Retention Credits for 2020 and 2021? The Employee Retention Credit (ERC) was enacted in the CARES Act in March 2020 and is a tax credit applicable to employment taxes. It is a refundable credit for qualifying employee wages and...
by Stephen Griffin | Feb 24, 2022 | Accounting for Credit Unions
Opportunities for Credit Unions of All Sizes in 2022 With two years of pandemic now in the past, credit unions of all sizes are looking at the opportunities in 2022. The economy, job market, interest rates, and inflation all play a part in the prospects for...
by Angela Warden | Jan 26, 2022 | Accounting for Credit Unions
Credit Unions Planning Now for Regulatory Compliance Audits in 2022 It is the beginning of a new year, and credit unions are reviewing their financial performance of last year and setting budgets and strategic planning for this year. Because staying up to date on the...
by Stephen Griffin | Jan 12, 2022 | Accounting for Credit Unions, Accounting for Local Government, Accounting for NonProfits, Accounting for Not-For-Profit, Accounting for Small Business, Tax Accounting
Griffin & Furman Announces Promotions of Two Team Members We are pleased to announce the promotion of two of our team to new management positions. At Griffin & Furman we strive to promote from within as a commitment to our staff, and in recent weeks we...
by Racheal Alvey | Dec 17, 2021 | Accounting for Credit Unions
Credit Union Call Report Modernization Effective March 2022 In 2016 the National Credit Union Association (NCUA) began an effort to update the quarterly Call Report. The review of the report, the Call Report Modernization project, was recently completed, and the NCUA...
