As in professional weightlifting, a good barbell strategy may offer considerable advantages for credit union investment portfolios.
Credit unions are beginning to interact with examiners again, this time remotely. This does not change the importance of BSA review and the potential write-ups regarding the need to file Suspicious Activity Reports (SARs). It’s understood that some institutions are in very stable, closed communities that have little traffic or transients.
We are living in fast-changing times. Lenders that fail to meet the changing demands of their borrowers will be ill-equipped to compete for their business.
The role of cybersecurity in the credit union industry is primarily one of protecting member data against unauthorized and/or malicious access. Data includes identity of an individual, a credit union, a business, or an accounting function, or any combination thereof, that could be used in an exploitative manner.
It seems the norm during the last few months that as you open an email, listen to a radio announcement, or watch the news, it starts with the same opening over and over: “During these unprecedented times," “during this time of uncertainty,” or “these are challenging times.”
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