A hot topic for 2018 has been the struggles of small credit unions compared to their larger peers. 2018 economic developments are broadly supportive of favorable credit union operating results and the first quarter was [...]
One of the sessions during the 12thAnnual Mid-Atlantic Anti-Money Laundering (AML) Conference that I recently attended was on current compliance topics. Panelists from the FDIC, OCC, FINRA, FinCEN and the Federal Reserve Board discussed some [...]
The National Credit Union Association outlines basic requirements for business continuity planning, but are they stringent enough to protect your credit union? At Ongoing Operations, we believe that a business continuity plan should cover all [...]
We've heard or seen the numbers. Employees are not engaged with their work. In fact, some have gone so far to say that as few as 13 percent of employees are truly engaged while at [...]
CUNA followed up its letter last week to the Department of Housing and Urban Development (HUD) with a joint letter reiterating the call for HUD to align the 2013 disparate impact final rule with the [...]
A third increase to the federal funds target rate is expected next month, and as credit unions adjust to this new environment they are facing increased levels of competition – especially in the area of member [...]
We like to think we are rational beings, but when it comes to money, emotions drive our behaviors. That’s why budgeting feels so hard. When it comes to managing your money, almost everyone knows [...]
Journalists who write about credit unions live and breathe newsworthy material, but with a 24/7 news cycle and smaller newsroom staffs, great content can be hard to come by. That’s why they rely [...]
Credit unions create rewards programs for a variety of reasons, from attracting and retaining customers to driving debit and credit card use to simply checking a box. While most have very specific goals in mind [...]
With an aptitude for mathematics, Zak Tobias had always thought he would one day work with numbers but as a young boy, he may not have fully understood how. Fortunately for Zak, a convenient high [...]
Go in any restaurant tonight, and you’ll see people sitting with friends and staring at their phones. Is this you? I'm sure we're all guilty of this these days. Here are a few reasons [...]
In today’s ever-present cyber threat environment, financial institutions are frequent targets. Credit unions continue to fall victim to a variety of cyberattacks, including malware infections, phishing scams, denial-of-service attacks, cryptojacking, and ransomware. These attacks [...]
One credit union CEO whose headquarters narrowly escaped California wildfires in October of 2017 and which is now being threatened by a new blaze is facing the sobering fact that possibly the worst is still [...]
Talent hoarding is prevalent and detrimental. According to a survey, more than 50 percent of managers admitted they keep their team members from growing and advancing—for a variety of reasons. Unfortunately, this practice can [...]
This is an important alert to inform you about a scheme that could affect the payments industry. "Unlimited Operation" Schemes Threaten Financial Institutions Unspecified reporting obtained by the FBI indicates cyber criminals are planning to [...]
