HARRISBURG, Pa. (6/11/08)--The Pennsylvania Credit Union Association (PCUA) Card Services has developed a new service that will perform a quarterly audit on the status of credit unions’ credit card accounts held by staff and volunteers, the PCUA said. Cards of all credit unions and staff should be audited, said PCUA (Life is a Highway
June 10). The audit:
* Determines that the account is in good standing; * Reviews and validates any payments, transactions or adjustments that were posted internally at the credit union; and * Determines if critical changes have been made to the account.
Fees are based on the number of cardholders audited and range from $200 to $500 annually, PCUA said.