Our blog is a fun and easy way to find new information and insights. Discover credit union knowledge and news, curated just for you!
Banks and credit unions have been making material changes to their overdraft fees and policies with increasing frequency since the middle of 2021. To date, the national banks, large regional banks and a sprinkling of credit unions have led the charge with announcements that make their public relations providers proud.
Federal regulators have been encouraging financial institutions to share information about known cyber incidents for years. Now banks and their third-party service providers have until May 1, 2022, to comply with the new rule requiring prompt regulator notification in the event of a cyber incident. How to Respond When a
Imagine the following conversation: Customer service representative: “So, is this the right account for you?” New customer: “Yes, sounds great.” Customer service representative: “Excellent. In which case, I suggest signing up for our top-tier, state-of-the-art mobile and online banking technology, which costs just $7.00 per month. You can check
April is Celebrate Diversity Month and we use this time to recognize and honor the diversity surrounding us all. I view diversity as the different groups to which we belong and the identities we assume (i.e. gender, race, ethnicity, sexual orientation, physical and mental abilities, religious beliefs, etc.). But
According to Federal Reserve Chairman Jerome Powell, cyberattacks are one of the greatest risks to our global financial system. These risks have only increased as online financial transactions rise. For credit union cybersecurity, this means the effort required to protect member data is increasing and growing even more challenging. Direct
Look around you. At quick glance, you might see a smart thermostat, smart phone, video doorbell or fitness tracker. These things tie you directly, whether knowingly or unknowingly, to the Internet of Things (IoT). But you’re not alone – Cisco estimates there will be an astounding 500 billion devices connected
Vizo Financial is proud to be featured in the Federal Reserve’s new FedNowSM Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions. “Vizo Financial is excited to be part of the
What’s more important: external or internal branding? Initially, most people would probably say external. Of course they would – what good is marketing and building a brand without your efforts to promote it outside of the organization? Pardon my Spock moment, but to think otherwise would be illogical, right? Fair
Everyone who works for and with Vizo Financial will be respected and accepted for who they are—especially those from under-represented groups. We will lead the industry with strategic partnerships and a workforce of diverse perspectives that is realizing its fullest potential and providing innovative solutions to meet the needs
In a stunning move, Capital One announced Wednesday plans to scrap overdraft and NSF fees for consumers beginning in Q1 2022. In an email to employees, Capital One CEO, Richard Fairbank, said the move was “our effort to bring ingenuity, simplicity and humanity” back to banking, according to USA Today
Most leadership training these days will discuss the importance of coaching. In day-to-day practice, coaching is typically carried out by the manager who offers advice to the employee about ways to complete a task more effectively or efficiently. It usually centers on where the employee can improve performance. While this
Since diversity, equity and inclusion (DEI) was added as the eighth cooperative principle in 2020, there has been extensive research and discussion on what an effective DEI strategy looks like and why it matters. Before the 1960s, there was no conversation on DEI in America. During that decade, diversity issues
Cloud-based servers can be extremely useful, wouldn’t you agree? You don’t have to worry about hardware maintenance, power consumption, redundancy or physical security. Not to mention, storage limits are more easily resolved with less down time. And how many of us have hit the “Save Password” button when