5 important takeaways from OFAC’s framework
Recently, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published “A Framework for OFAC Compliance Commitments” to help organizations take a risk-based approach to ...
The latest from John Pettit
Imagine . . . if Amazon bought your bank
As a thought experiment, imagine if one evening Amazon CEO Jeff Bezos had one too many cocktails and errantly gave an order to purchase your bank. Imagine further that, a ...
Challenging turnover head on and winning
No other single word creates more angst for a contact center manager than turnover. Agents leaving is a manager’s greatest ongoing challenge because it affects so many aspects of ...
What does the NCUA require from a credit union business continuity plan?
Are you getting ready to do some business continuity planning (BCP)? Does your credit union need a little guidance on where to start and what you’ll need? In this ...
NCUA starts $160.1M in dividend payments to CUs this week
More than 5,500 eligible institutions will receive dividends totaling $160.1 million from the National Credit Union Share Insurance Fund starting this week, according to NCUA. Credit unions have ...
NAFCU’s Hunt corrects record, offers support for NCUA’s appraisal proposal
Pushing back against opponents of the NCUA’s proposal to raise the appraisal threshold for credit union nonresidential real estate loans from $250,000 to $1,000,000, NAFCU’s ...
CFO Focus: Scenario planning and your financial future
By definition, strategic planning and financial forecasting require making assumptions about the future. However, common sense tells us that the future seldom unfolds as expected. Therefore, a well-developed business plan ...
Interest-rate risk: A core competency
Interest-rate risk is a core competency, not only for directors, but for their credit unions, says Brian Smith-Vandergriff. “If you do interest-rate risk well, you can be a better credit ...