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Articles Tagged with 'risk'
Maximize Existing Relationships with Cross-Selling
January 24, 2012
Identify current members’ needs and match them to individual credit risk and affordability measures.
Matz: NCUA Exams Will Focus on Lending Risks
January 10, 2012
Continued high unemployment and low real estate values will put pressure on CU loan portfolios.
Risk Averse in a Bathing Suit
January 02, 2012
Are your practices “tried and true” or “tried and tired?”
The First Hurdle: Learn the Lingo
December 22, 2011
One of the most difficult aspects of the risk management process is learning the lingo.
Four Steps to Robust Risk Assessment
December 09, 2011
Assessments should address what can go wrong, how, and the potential impact.
Risk Oversight Is Top Board Priority
November 11, 2011
CU boards are under increasing pressure to practice effective risk oversight, says CUNA Mutual Group's Joette Colletts.
Re-Evaluate Authentication Systems
September 01, 2011
This summer the Federal Financial Institutions Examination Council (FFIEC) agencies issued a supplement to their 2005 guidance (“Authentication in an Internet Banking Environment”).
Best Practices in Device and Identity Verification
August 11, 2011
CUs should move to more complex device identification and out-of-wallet verification procedures to reduce fraud.
Fight Fraud With Enterprise Fraud Management
June 24, 2011
Fraud prevention measures are vital, but it's even more important to know where fraud is occurring and to plug the hole.
Avoid IT Project Failure
May 17, 2011
Too often, the process for selecting information technology vendors and negotiating contracts is rushed and flawed.
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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