NCUA to Test Provisional Charter to Solve ‘Chicken-or-Egg’ Dilemma
David Baumann of CUCollaborate reports that the NCUA will be able to start a pilot program by September designed to make it easier for organizers to start a credit union, officials from the agency’s Office of Credit Union Resources and Expansion told the agency board Thursday.
Respecting Cooperative Owners: The One Thing Essential
As the way in which credit unions interact with members has changed, so to have our attitudes regarding their role: owners or customers? Chip Filson discusses why it is so important to maintain members’ relationship with the credit union as owners.
How Credit Unions Can Maximize Auto Loan Growth with Vehicle Protection Offerings
As auto industry sees increasing interest rates and rising used car sales, Mark Edmundson urges credit unions to reconsider their current strategy and offer asset protection to their members for the benefit of both the member and the credit union.
The Evolving Approach to Changing Your Core Processor
Scott Collins and Chris Smigiel discuss the ways in which credit unions approach shopping for a new core data processor and the due diligence required have evolved over the last few decades.
As the NCUA Calls for Comments on Climate Change, Credit Unions and Agencies Push Back
As the NCUA calls for comments on climate change and conducts research into how it may effect federally-insured credit unions, a few agencies and credit union executives are pushing back, arguing the NCUA is ignoring bigger priorities, reports Emily Claus.
Managing, Validating, and Protecting Your Data
Data is essential to credit union operations, but sloppy handling of data can make utilizing it difficult and inefficient—and when unprotected, can lead to data loss. Data Analyst Tabitha Pierce shares practical advice on how to manage and safeguard your data.
The Rise of Multi-Factor Authentication and its Role in Cyber Liability Insurance
As cyber liability insurance carriers recover from losses after increased ransomware attacks, the demand for multi-factor authentication has not only risen, but organizations may now be denied insurance if they lack appropriate security measures, says Patrick Sickels.
Teamwork Makes the Dream Work
Creating a team and setting them to work is not enough to ensure its success, argues Julie Gessner. Great teams are developed by building a culture of trust and collaboration that is guided by a strong mission statement for the credit union.
State-Chartered Credit Unions Sign Cooperation Agreement
Ten state credit union regulators have signed a new agreement that will govern how they will share supervision when a state-chartered credit union crosses their borders reports David Baumann.
A College Student’s First Credit Card
Chip Filson shares the story of Marit Hoyem and her experience attempting to get her first credit card as a young college student. Marit passes on what she went through and offers advice to credit unions seeking to make a difference in the lives of their members.
