Building a sustainable cybersecurity program is crucial for credit unions, as 61% of cyberattacks are aimed at small- to mid-sized businesses, particularly financial institutions, according to the 2017 Verizon Data Breach Investigations Report. Lack of [...]
An interesting TV commercial for Woolite detergent caught my eye a few days ago. Yes, laundry detergent caught my eye. What stuck out most about the ad was its concluding line … “Woolite cares as much [...]
In the third quarter of 2015, the loan-to-share ratio at Day Air Credit Union($391.3M, Kettering, OH) reached 104%. The credit union’s fast-growing indirect loan operation had helped position the Ohio cooperative at [...]
NCUA is closely monitoring Hurricane Florence, it said Wednesday, and has a hurricane information webpage with materials on preparedness and recovery for credit unions and members affected by the storm. The NCUA will be ready [...]
NAFCU Senior Regulatory Affairs Counsel Ann Kossachev today will attend a meeting at the White House to discuss housing finance reform priorities. NAFCU has shared its core principles for housing financial reform that should be [...]
When it comes to sticking to your budget while grocery shopping, there are a few tried-and-true rules. Don’t shop when hungry. Look to the back of shelves for fresher produce and dairy items. And [...]
According to a 2018 research study(i), there is as much as an 18% gap in sales revenue achievement between companies with effective sales coaching vs. those who are ineffective. This same study brought light [...]
Organic loan growth is a popular phrase these days. Today, an increasing number of credit unions are looking for ways to attract more loans directly. Direct loan growth (vs. indirect) can be more attractive, cutting [...]
It will probably not surprise you to learn that people hate to lose things (especially if you have ever had small children or watched them play). Does this sound familiar? Five-year-old Dylan is playing contentedly [...]
As Gen X starts to retire over the next ten years, Millennials will take over as the majority in the workforce. For leaders who haven’t quite figured out Gen Y, here are few things [...]
You may know Netflix as a top media entertainment provider, with shows like Orange is the New Black and Stranger Things, but behind this media giant is a high-performance company culture that seeks to attract [...]
NCUA is using a new tool to gauge credit unions’ level of cybersecurity preparedness: The Automated Cybersecurity Examination Tool (ACET). Developed in 2017, ACET consists of an inherent risk profile and a cybersecurity maturity level, [...]
Fraud attacks on mobile transactions rose 44% in the United States and 24% globally year over year for the first half of 2018, and a third of all fraud now targets mobile channels, according to [...]
When a member goes to check their account balance through a mobile banking app, they don’t think about the types of integrations that were put in place by their credit union in order to [...]
This began as a comment to the article “What Will the Arrival of Contactless Payments Bring?” I aim to dive a bit deeper into my positions within the confines of a full post. Since this [...]
