Credit unions around the world are finding a variety of ways to recognize and celebrate International Credit Union (ICU) Day. The 73rd annual event, which started in 1948, was held on Thursday by CUNA and [...]
As we continue our National Cybersecurity Awareness Month journey, the third week’s theme focuses on cybersecurity career awareness. The industry is a hub of skills, experience, backgrounds, and perspectives. While there has been much [...]
Many credit union compliance professionals are familiar with Suspicious Activity Reports (SARs). Section 748.1(c) of the NCUA regulations, and section 1020.320 of the FinCEN regulations require a credit union to file a [...]
What a decade in financial technology can do. What was once defined as alternative lenders or direct-to-consumer “disruptors” in industry-speak, fintech has evolved along with the financial services industry to include any technology company that [...]
Some interesting things happen in Williamsport, PA. For one thing, it’s the home of the Little League World Series. For another, it’s where a not-so-secret secret sauce of culture and perks has helped [...]
NAFCU’s CFO Summit is built by CFOs, for CFOs. If you’re a CFO, VP of Finance or Controller, your job responsibilities have been tested this past year and a half. As a top [...]
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 [...]
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 [...]
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 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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
