As we continue our National Cybersecurity Awareness Month journey, the third week’s theme focuses on cybersecurity career awareness. The industry is a hub of skills, experience, backgrounds, and perspectives. While…
Many credit union compliance professionals are familiar with Suspicious Activity Reports (SARs).Section 748.1(c)of the NCUA regulations, andsection 1020.320of the FinCEN regulationsrequirea credit union to file a SAR in certain situations.…
What a decade in financial technology can do. What was once defined as alternative lenders or direct-to-consumer “disruptors” in industry-speak, fintech has evolved along with thefinancial services industryto include any…
Some interesting things happen in Williamsport, PA. For one thing, it’s the home of the Little League World Series. For another, it’s where a not-so-secret secret sauce of culture and…
CUNA wrote insupportof a House bill Wednesday that would prohibit implementation of increased financial institution reporting to the Internal Revenue Service (IRS), the Prohibiting IRS Financial Surveillance Act (H.R. 5586).…
The Federal Reserveearlier this monthannouncedthat it will adopt the ISO 20022 message specification for the FedWire Funds Service, using a single-day implementation approach that leverages a controlled testing environment. Thenoticealso…
Employee engagement and culture are important issues for any organization and are especially significant for credit unions, where ethics are already the “raison d’etre.” Giving employees the opportunity to be…
Credit unions around the world are preparing to celebrateInternational Credit Union (ICU) Dayon Thursday, Oct. 21. The annual event, which started in 1948 and is held byCUNAand theWorld Council of…
Like any other business investment, it is easy to frame your decision to conduct an AWS migration or not by just looking at the numbers. But, as with most things…
As community based institutions, credit unions are well positioned to truly understand the unique needs of their members. With digital platforms and evolving technologies transforming the landscape, credit union leaders…
Tony Repanich, president and chief operating officer of Shield Compliance, joins Tom Bengtson, president of NFR Communications and publisher of BankBeat magazine and BankBeat.biz, for an interview about the challenges…
When you pass away, you leave many material things behind — “you can’t take it with you,” as the saying goes. That can include assets like real estate, cash, vehicles,…
Credit unions have been interested in working with fintech providers for quite some time. However, lingering concerns that fintechs, aka “digital disruptors,” would create more competition for traditional financial services…
Improved supervision and data reporting in the world’s second-most populous country combined with continued growth across the globe resulted in a 29% year-to-year increase in international credit union membership, according…
NAFCU President and CEO Dan Berger Mondaywrote to CFPB Director Rohit Choprato address the Bureau'sproposed ruleto implement changes made by section 1071 of the Dodd-Frank Act and its likely effects…
The phrase “data center of excellence” has been known to strike fear in the hearts of many. That’s because it conjures up nightmarish visions of the most dreaded of analytics…
The path toward becoming a chief lending officer (CLO)—no matter where you start—begins with realizing and vocalizing your intentions. “If you’re looking to make the climb, you need to communicate…
In a time of rising consumer awareness, increasing competition and political and regulatory scrutiny, overdraft charges are casting some financial institutions as villains, even if they complying with Reg E…
If you’ve ever worked with a payments product development team, you may have heard the term SDK technology. SDK stands for software development kit. In simple terms, it is a…
Exit Interview is a new series from CreditUnions.com that shares the insight and experience of credit union executives who are retiring after many years of service to the movement. Doug…
Two nominations have been received for thenine open director positions on CUNA’s Board of Directors. The deadline for nominations and seconds is Thursday, Nov. 11. In contested elections, voting will…
Rep. Drew Ferguson, R-Ga.,introduced legislation that would block the IRS reporting requirementscurrently included in the fiscal year 2022 budget reconciliation package, the Build Back Better Act. The bill is co-sponsored…
In the past, I’ve joked about seeing myself as an amateur economist. I’ve also joked about how I’ve predicted seven of the last three recessions. Being an amateur economist, however,…
Corporate shareholders want to see their investments grow in an organization. They look for a viable strategy, sustainable vision, and strong financial performance. When the company fails to deliver on…