Human error is inevitable—we all make mistakes. However, human error in the cyber world is asking for trouble. When we discuss data breaches, the focus is often centered on an outside group of cybercriminals [...]
Just as the holidays are approaching, price increases on everything from groceries to gift items to gasoline could have a Grinch-like impact on consumers who were already struggling with the ongoing economic impact of COVID-19. [...]
Whether it is the increasing number of credit union mergers, growing interest in acquisitions of community banks and branches, or even investments in fintechs by credit unions and CUSOs, understanding valuation, its processes and techniques, [...]
Congress should look for ways enable credit unions to provide digital asset related services so these services can be properly overseen by regulators, CUNA wrote to the Joint Economic Committee. CUNA has called for similar [...]
The NCUA Wednesday released its proposed budget for 2022 and 2023, which combined estimates $345.3 million, 1.2 percent higher than the 2021 budget. The proposed operating budget estimates $326.6 million, 3.6 [...]
While the age of the average credit union member remains in the mid-40s, it is important to recognize that this age range is no longer held strongly by Gen X. Instead, the eldest millennials—otherwise [...]
Fintechs, cyber-crooks, digital currencies, and new regulations all demand adaptive action from credit unions, says Fabiana Burkett, vice president, enterprise risk management, at $2.2 billion asset Orange County’s Credit Union in Santa Ana, [...]
Due to an increase in online shopping in 2020 and 2021, card not present fraud has grown exponentially. With more credit union staff working remote than ever before, employee fraud and business email breaches are [...]
During February 2022’s Foundation Dinner, the African-American Credit Union Coalition (AACUC) will receive the prestigious Anchor Award. This rare accolade stands apart from the Herb Wegner Memorial Awards and is given by the Foundation [...]
A flood of consumers and businesses became digital converts almost overnight during the earliest days of the coronavirus pandemic. To keep up with customers’ heightened need to perform day-to-day tasks from home, financial institutions intensified [...]
What do you hear when someone starts talking about “the shadow banking system?” A secret, Illuminati-like cast of hood-wearing creepers dictating rogue government policies in a secluded location, the single objective of which is to [...]
If you’re on a strict budget this time of year, it can be tricky to not spend more than you should. One way you can achieve this is by implementing a zero-based budget. What [...]
As we prepare to gather around the Thanksgiving table with friends and family, we are reminded of the importance of community and our relationships with those around us. As mission-driven financial institutions, credit unions are [...]
It has been said that leading scientists grumble when it’s time to pause their research, write a paper about their most recent findings and attend a conference to share their work with their peers. [...]
With a 24/7 news cycle and countless voices on social media, it’s a noisy world. It is time to turn up the volume on credit union news. Humbleness is part of the credit [...]
