The average cost of a cyberattack in the financial industry is between $4 – $6 million, making it a profitable matter of interest for hackers all over the world. The National Credit Union Administration (NCUA) Board [...]
One factor that credit unions search for when choosing a merger partner is a “good fit.” But what does “fit” mean? It’s not like trying on a pair of shoes where you can tell [...]
Cloud computing has changed the cybersecurity industry in many ways. For starters, it has made the digital world more convenient through availability, the scope of data, and interconnective capabilities. However, as with all things, with [...]
Born in 1987, I was your typical 90s kid. I kept my Tamagotchi™ on the belt loop of my JNCOs while jamming Blink 182 on my non-skip CD player. I was part of the subset [...]
Happy Wednesday, compliance friends, I hope you are all having a great week! In case you need it: we’re halfway to Friday; keep up the good work! When the COVID-19 vaccines first became available [...]
The basic concept of decentralized financial services has been around since the beginning of the credit union movement in the early 1900s. Immigrants required loans to buy animals and farm equipment, but banks were not [...]
CUNA President/CEO Jim Nussle, Deputy Chief Advocacy Officer Elizabeth Eurgubian, and Senior Director of Advocacy and Counsel Elizabeth LaBerge spoke with acting Federal Housing Finance Agency (FHFA) Acting Director Sandra Thompson Monday afternoon. The [...]
The Home Mortgage Disclosure Act (HMDA) requires financial institutions to maintain, report, and publicly disclose loan-level information about mortgages. The reported data: Helps show whether lenders are serving the needs of their communities Is used [...]
Between the financial data collected and personal information held, credit unions are a prime target for cyberattacks. This highly confidential industry is rooted in privacy, and hackers know it. When the average successful cyberattack incident [...]
As we’ve started to go out again to celebrate milestones, catch up with friends and basically return to our socially gathering selves this summer, I’ve been reminded of the importance of likability. Consumers [...]
It’s no secret that banking and financial services organizations are heavily focused on meeting and exceeding changing customer expectations by accelerating innovation and app modernization. In fact, according to F5's State of Application Strategy [...]
Secretaries of the Department of Housing and Urban Development (HUD), the Treasury Department, the Department of Agriculture, the VA, along with FHFA Acting Director Sandra Thompson released a joint statement Monday on preventing evictions in [...]
If you’ve worked at the same credit union for years, you’ve likely grown accustomed to how things are run. Learning that there will be a change of leadership may then instill feelings of [...]
COVID accelerated the online movement for all aspects of social and economic life. In credit unions, some assert the transition away from the branch-based model of financial services to an all virtual one is now [...]
As a millennial, you’re part of a unique and special generation. You’re probably at the exciting stage in life where you’re just starting out — or you’re beginning that career climb. Undoubtedly [...]
