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Let's Get Digital

COVID-19 has changed our world of in-person contact and limited auditors' and examiners' ability to complete an onsite review of credit unions. Although digitalization has been a continuous topic over the years, we all received a push to enter the digital age with this year's "new normal." So we ask, how do we continue to make remote audits and exams go smoothly? Simple answer: digital transformation.

Oct 22, 2020

Managing Interest Rate Risk with Derivative Hedging

Not surprisingly, the pandemic has left its mark on the credit union industry. In short, credit unions have experienced a swift increase in assets in 2020 as members continue to grow their savings. As is the case with any recession, consumers generally look to save during uncertain times. To combat this slowdown in consumer spending – responsible for approximately 70 percent of economic growth – the Federal Reserve has undertaken unprecedented measures to stimulate the economy.
Oct 14, 2020

Let's Get Digital

COVID-19 has changed our world of in-person contact and limited auditors' and examiners' ability to complete an onsite review of credit unions. Although digitalization has been a continuous topic over the years, we all received a push to enter the digital age with this year's "new normal." So we ask, how do we continue to make remote audits and exams go smoothly? Simple answer: digital transformation.
Sep 24, 2020

P2P Mobile Payment Solutions in 2020: What to Look for

Strengthen member relationships, enhance digital engagement, keep deposits in member accounts and attract new members with the right person-to-person solution.
Aug 27, 2020

Weighing the Strength of a Barbell Investment Strategy

As in professional weightlifting, a good barbell strategy may offer considerable advantages for credit union investment portfolios.
Aug 12, 2020

You Never Know When You'll Need A SAR

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.
Jul 27, 2020

Post-COVID Mortgage Lending Requirements

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.
Jul 23, 2020

Cybersecurity for Credit Unions 101. Compliance, Best Practices, and Infrastructure.

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.

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