Your board of directors is responsible for safety and soundness, growth, and increasing the profitability of your institution — all while serving the needs of your customers, employees, and community. Meeting these goals requires that the board of directors makes wise investments in capital projects, including adding or upgrading technology. In
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The world may seem larger than ever before, but attackers don’t think so. With our reliance on the virtual space to connect us and push technology into mainstream operations – especially those for financial institutions like credit unions – every device is an open invitation to steal data and network access.
With technology and innovation all around us across the globe, it is still shocking to me that millions of people wake up every day without access to financial services. Farmers in Ukraine. Refugees fleeing Venezuela. Women-led entrepreneurs in Africa. The stories are nearly unlimited in how credit unions are intentionally
Michael Myers, Jason Voorhees and Freddy Krueger might strike fear in the hearts of horror fanatics this time of year, but the real villains are much more elusive and certainly more persistent. Bad actors, hackers, those who exploit your credit union and your members’ data are the real monsters, and
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