Taming the digital risk tiger at credit unions
Providing easy digital access is table stakes among rising numbers of credit union members who need anytime, anywhere access to funds. But along with increased access come new risks as ...
The latest from John Pettit
A closer look at private flood insurance – The compliance aid provision
I know everyone groans when the issue of flood insurance comes up – but here is a quick and easy summary of an important update. As of July 1, 2019, credit ...
How smaller financial institutions can win the mobile banking arms race
The banking industry continues to struggle with issues around reputation, trust and loyalty, failing to completely recover from pre-crisis issues that have resulted in new competitors and consumer backlash. One ...
Leveraging technology to streamline your workflow
In this digitally competitive day and age, where everyone wants and expects an answer “yesterday,” being efficient is imperative. The mortgage market in particular has grown more and more crowded ...
CECL cited top compliance challenge, CU relief still needed
Credit unions consistently cite the current expected credit loss (CECL) standard as one of, if not the, biggest compliance challenge they are facing, and the Financial Accounting Standards Board (FASB) ...
Mulvaney updates CUs on economy, administration at Caucus
Mick Mulvaney, President Donald Trump’s acting chief of staff and director of the Office of Management and Budget (OMB), offered his insights into the economy and likelihood of a ...
NextGen Know-How: How I started taking unplugged vacations
In mid-August, our family took a 10-day vacation to Nashville, where we stayed on a 200-acre working ranch with horses, a pool and a spotty internet connection. Two years ago, ...
Identify security gaps with testing
Certain testing exercises can enable credit unions to gauge their internal controls, and find and fill their security gaps, according to two security experts. Peter Misurek, information security engineer at ...