Three ways to prepare for risk

Boards must play a significant role in risk management programs.

Credit union boards of directors are feeling the pressure of increased regulatory demands, an evolving risk environment, and a transforming competitive landscape.

Member scrutiny is at an all-time high as technology and innovations influence consumer needs and expectations, while the pace of change accelerates.

The good news is this evolution has ushered in product and service opportunities that offer the prospect of increased wallet share, automated processes, and the ability to serve new markets.

As credit unions look to leverage these new business opportunities, they must exercise enhanced due diligence to address hazards these opportunities bring.


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