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Articles Tagged with 'compliance'
Fraud Across the Pond
November 01, 2010
The lack of a cross-border vision by regulators, and no real urge to look at a much wider picture when it comes to global financial crime, gives criminals a huge advantage.
CUNA Seeks Comments on Proposed Corporate IRPS
October 12, 2010
NCUA estimates the burden on each charter applicant at approximately 330 hours, primarily related to the proposed business plan requirement.
CARD Act Compliance: The Final Stage
October 10, 2010
The third phase of the Fed's implementation of the CARD Act.
Clearing Up CARD Act Confusion
October 01, 2010
CUs explain how members and staff are adjusting to CARD Act requirements.
Overcome Compliance Fatigue
September 15, 2010
The complexity and volume of new compliance changes—and the short time required to implement these changes—has created a condition called "compliance fatigue."
Competitive Intelligence Provider Aids CUs Decision-Making
September 02, 2010
Informa Research Services will provide credit unions with rate intelligence and mystery shopping services through a new alliance with CUNA Strategic Services.
Comply or Die
August 27, 2010
Think you can put off data security compliance to stretch a limited operating budget? Think again.
Six 'New Realities' Facing CUs and Core Processors
August 25, 2010
A panel discussion during Harland Financial Solutions’ 2010 Connections user conference identified six "new realities" facing credit unions and core processors.
Crises Create Compliance Burdens, and 'This One's a Doozy'
July 14, 2010
Sixty-one new regulatory pronouncements were made in 2009 and more are expected in 2010. How can CUs deal with this growing burden?
July 01, 2010
At press time, the National Credit Union Administration (NCUA) and all of the federal banking agencies (except the Office of Thrift Supervision) had approved
the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) regulations.
Credit Union Magazine
September 2014 digital edition
Guide Members to Financial Health
Defining the Social Media ROI Debate
You Can't Freeze Out CU Folks From a Good Fundraiser
Transforming the Branch Manager
Driven to Serve
While I thought that the premise of the article was good, I found one point very disturbing. It is that the Visions FCU ages people off their board at age 70. I found that really offensive. It perpetuates what I believe to be the regrettable marginalization of elders in our society, and the often erroneous assumption of debility and decline after a certain chronological age. Lots of folks over 70 are leading dynamic and viable professional lives and contributing to our society. How about Warren Buffet, a number of Supreme Court Justices, Jimmy Carter, the late Nelson Mandela and the late Maya Angelou, to name but a few, along with scads of writers, academics, performers, artists, and often our friends, neighbors and colleagues. If Visions wants new people on their board, it seems as though the term limitations and a nominating committee can accomplish that without aging all people off at age 70. I think that’s so insulting. And if those were paid employment, it would be illegal. I do wish you’d have picked a different credit union to profile---one that perhaps does many of the same things, without the arbitrary age exclusion. There have to be others out there.
David, good point about the "recovering comfortably" comment. That was an editorial addition--which I'll remove.
Many good points but too rosy? Will the "Federal Reserve raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time” ? I have heard from other economist that the US government will go bankrupt if that happens due to the QE the fed has done for several years. Also it seems an exaggeration to say “We survived a heart attack,now the economy is recovering comfortably." Comfortably recovering is too ignore the economic stress that many members still live with daily that will eventually affect many credit unions.
Karan, Great article and insight. I would also recommend that you start getting those credit cards into the hands of the youth BEFORE they are in college. One of the best ways to reach this young generation is through mom and dad. Before the student goes to college, get them started with a credit card (even if mom and dad are joint on it). It's never too early to start marketing credit cards. Mark
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