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community development credit unions
Articles Tagged with 'risk'
CFOs Offer Big-Picture Projections
May 01, 2012
How do CFOs view credit unions’ outlook in the months ahead?
No CU Is Immune From Employee Dishonesty
April 27, 2012
Many boards aren’t prepared for the financial and reputational impact of embezzlement. Whether your CU is large or small, employee dishonesty doesn't discriminate.
Use Social Media Wisely
April 16, 2012
Failure to clearly outline the CU’s social media use expectations through a written policy can significantly increase risk.
New Threats Require a New Approach to Risk Management
March 29, 2012
Risk management challenges come in all shapes and sizes, from new forms of fraud to the increased regulatory burden.
A Proactive Regulatory Approach
March 20, 2012
New approach by regulator isn't mean to cause undue burden on CUs.
Think You Know CPI? Think Again
March 01, 2012
If certain borrowers aren’t insuring collateral, your CU—and your members—bear the risk.
Living With Narrow Net Interest Margins
February 16, 2012
In the past, most CUs could generate sufficient net interest to cover operating expenses. For most of us, this is no longer true.
Five Questions You Should Ask About FFIEC Compliance
February 08, 2012
Address these questions before implementing a solution to comply with FFIEC’s Internet banking authentication requirements.
CU Boosts Business Lending as Banks Retreat
February 06, 2012
CU targets young enterprises and established ventures with new owners.
Four Top Fraud Threats—and How to Fight Them
January 30, 2012
Deploy fraud awareness and prevention programs across every department.
Credit Union Magazine
March 2014 digital edition
Tweets about "#CUNAGAC"
A New Payments Paradigm
Prepare for the End of Gridlock
Solving the Fannie and Freddie Puzzle
Reviving the Spirit of St. Louis
This is a great list, but falls short. Consider the myriad of other risks that can bring the credit union to its knees: Technology risks including viruses, trojans, data breaches and other forms of security compromises. People risks, including disgruntled employees, social engineering attempts, social unrest, prison breakout, social media entries that also affect the mentioned reputational risk. Environmental risks, which could include derailed or overturned chemical tankers,blizzards, hurricanes, tornados, sink holes (save the Corvettes!), earthquakes, mudslides, forest fires. Leaders always need to be asking themselves, "What could stop us from performing our mission?" A solid crisis management organization, coupled with a realistic, exercised business continuity plan is vital to ensure continued operations.
Cash America self reported the Ohio collections robo signing incident which was a violation of company policy. An outside investigation was conducted and findings were reported to the state and CFPB. Customers were refunded money due the company before any federal or state action was announced.
This important article managed to engage & inform in a few short minutes. Kudos, CU Magazine!
This is such a great example of credit unions giving back. The key with Complex Community is that they don't just do these acts of kindness just to do them. They are a part of their culture (as you noted). Before starting a similar program, other credit unions should do a deep dive into their culture and then match their program to who they are.
This article is spot-on regarding engagement. In fact, many credit unions need to replace their sales training with member engagement training. Your members don't want to be sold to--they want to be engaged with. Likewise, your front-line staff are not sales people--they are educators.
Tweets by @cumagazine
Say: Who should be Credit Union Magazine's 2014 CU Hero of the Year?
William Armstrong, Northeast Community CU
Dan Morrisey, Queen of Peace Arlington FCU
William Rissel, Fort Knox FCU
Joni Senkpeil, Illinois CU System
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