The Smaug Conundrum: Are Credit Unions Sitting on the Key to Growth?
Credit unions are sitting on nearly $300 billion in capital nationwide, but are reluctant to spend their pile of gold to meet the challenge set forth by FinTechs and neobanks. Sam Plester encourages credit unions to step off the pile and put it to use to achieve growth and build the credit union movement’s market share.
Credit Unions Should Use AI to Accelerate Apprenticeship
As AI starts taking over repetitive tasks, the biggest mistake a credit union can make is thinking entry level employees are no longer needed. Dr. Gleb Tsipursky discusses how credit unions can shift entry-level positions into mentorship opportunities.
NCUA Continues Deregulation Efforts Going with Fourteenth Round Announced
CUSO Magazine’s Esteban Camargo reports on the fourteenth round of deregulation proposals set forth by the NCUA. Credit unions are asked to comment on the proposed changes.
Credit Unions: Some “Kind” of Wonderful
Care and kindness are core credit union principles, but often, competing priorities can pull our focus away, leaving those two to slip through the cracks. To help credit unions refocus and get back on track, author Lee Silber offers his kindness checkup. How will your credit union fare?
A Terror Tale from the Compliance Crypt
Compliance expert Joshua Velasquez takes readers through a spooky story this Halloween, of just how quickly things can go wrong in the credit union when important cybersafety steps are skipped.
The Relevance Gap: What Credit Union Marketing Gets Wrong
Consumers have been confused about what a credit union is for a long time, but even with today’s technology that should be able to broadcast our mission loud and clear, this age old credit union problem hasn’t gone away. So Much Good shares how credit unions can tackle this relevance gap.
Court of Appeals Strikes Down Interchange Cap and Demands Fee Limit Rewrite
This week, the Eighth Circuit Court of Appeals ruled that the current interchange fee cap was illegal, as it factored additional fixed costs into the total. As a result, the Federal Reserve will need to calculate a new fee cap without those fixed costs, lowering the fee limit, reports Emily Claus.
Tips for Strengthening Your Audit and Compliance Program
Cybersecurity Month is quickly coming to a close, but that’s not where cybersecurity ends. Dave Wordhouse shares three areas your organization should focus on when managing its cybersecurity.
AI and Cybersecurity for Credit Unions: Helpful Tool, Attack Multiplier, and a Whole Lotta Hype
In the world of cybersecurity, artificial intelligence is both an offensive weapon and a defensive tool. Sam Lechenet shares how you can make AI work for you in a safe and secure way.
The Perils of Poisoned Data
As part of cybersecurity month, Emily Claus analyzes data poisoning, a newer form of cyberattack targeted at your AI systems, as well as its goal, impact, and infiltration methods, and, most importantly, how you can can keep the poison out of your credit union.
