Ransomware – to pay or not to pay?
As CEO of a cybersecurity company, I get asked all the time about ransomware. It’s become the new party question - do you pay or not pay the ransom? On one hand, I appreciate [...]
News Archives
The new workspace: Looking beyond productivity
For the better part of a year now, I have been talking with Michigan credit union leaders about how they’re planning to transition from the pandemic-induced home office to in-person work. It has been [...]
It’s never too early to start banking marijuana-related businesses
This year four states legalized adult-use (aka “recreational”) marijuana (New York, Virginia, New Mexico, Connecticut) and one legalized medical marijuana (Alabama), but passing a law is just the first step in a long process before [...]
CUNA backs bill to prohibit enhanced IRS reporting
CUNA wrote in support of a House bill Wednesday that would prohibit implementation of increased financial institution reporting to the Internal Revenue Service (IRS), the Prohibiting IRS Financial Surveillance Act (H.R. 5586). The bill [...]
CUs encouraged to provide feedback on the Fed’s ISO 20022 message format for FedWire Fund Service
The Federal Reserve earlier this month announced that it will adopt the ISO 20022 message specification for the FedWire Funds Service, using a single-day implementation approach that leverages a controlled testing environment. The notice also [...]
Leadership Matters: Employee engagement can transform credit union culture
Employee engagement and culture are important issues for any organization and are especially significant for credit unions, where ethics are already the “raison d’etre.” Giving employees the opportunity to be engaged at credit unions [...]
Credit unions announcing ICU Day celebrations
Credit unions around the world are preparing to celebrate International Credit Union (ICU) Day on Thursday, Oct. 21. The annual event, which started in 1948 and is held by CUNA and the World Council of [...]
The real cost of AWS migration services
Like any other business investment, it is easy to frame your decision to conduct an AWS migration or not by just looking at the numbers. But, as with most things in technology, while the financial [...]
Webinar: How credit union leaders are navigating digital transformation to drive growth
As community based institutions, credit unions are well positioned to truly understand the unique needs of their members. With digital platforms and evolving technologies transforming the landscape, credit union leaders have an opportunity to capitalize [...]
#QuickTakes: A brief conversation with Tony Repanich on banking the cannabis industry
Tony Repanich, president and chief operating officer of Shield Compliance, joins Tom Bengtson, president of NFR Communications and publisher of BankBeat magazine and BankBeat.biz, for an interview about the challenges and opportunities of banking [...]
The basics of wills: Ensuring your wishes are carried out
When you pass away, you leave many material things behind — “you can’t take it with you,” as the saying goes. That can include assets like real estate, cash, vehicles, jewelry and other valuables — and [...]
Six steps for how credit unions should explore fintech
Credit unions have been interested in working with fintech providers for quite some time. However, lingering concerns that fintechs, aka “digital disruptors,” would create more competition for traditional financial services providers made them hesitant. Then [...]
Crack the code
In the credit union industry, fiscal responsibility to members is a big deal. So is the member experience. For these reasons, many credit unions are caught between pursuing a business goal and being paralyzed by [...]
Why access rights management is key to implementing an effective CU cybersecurity strategy
According to global business research firm IGI Global, Access Rights Management (ARM) is: “The process of assigning digital rights to users which can then be used in conjunction with an access control system (ACS) to [...]
Branding your identity: Understanding what makes you unique to your members
As credit union marketers, we all go through the branding process, whether it’s already been pre-established or in real need of a refresh. A strong brand identity is key both within an organization and [...]