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Security: It’s Everyone’s Problem

When we talk about member service, we most often are discussing innovative ways to help our members’ success through services, products, and financial education. However, there are other ways that credit unions deliver excellent member service that aren’t something we normally discuss. One of those ways is member data security.

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NCUA Webinar on Cybersecurity Outlines Current Landscape, Assessment Tools

A webinar produced by the NCUA last week detailed the vast and changing landscape of cybersecurity, and reviewed some of the assessment tools available to credit unions to develop a ‘common language’ around prevention and resiliency.

Compliance Center: VISA Card Issuers Must Offer Transaction Alert Capability by October

Compliance Center: VISA card issuers must offer transaction alert capability by October; also, question on FFIEC Cyber security Assessment Tool and legal briefs.

Compliance Center: Cybersecurity Resources

New tools to help your credit union mitigate cybersecurity risk, your question answered on the FFIEC Cybersecurity Assessment Tool, and this week’s legal briefs.

DFI Issues Request for Comments on Semi-Annual Assessment Fee Collection

Credit unions are encouraged to file comments before the October 14 cutoff regarding the proposed changes, as well as other questions or concerns about assessments.

NCUA Outlines Diversity Best Practices

The policy statement does not create any new compliance obligations, and the Administration will collect voluntary self-assessments from credit unions in order to understand diversity trends in the industry.

Compliance Center: FFIEC Releases Cybersecurity Assessment Tool

Learn more about the cybersecurity tool; your question answered about members writing their PINs on their debt card; plus this week’s legal briefs.

NCUA: No Stabilization Fund Assessments in the Foreseeable Future

Careful management and improving economy have driven assessment projections into the negative, says Matz.

UPDATED: CUNA Mutual Launches Intuitive New Risk Insight Tool

Credit union executives get a quick, clear, high-level overview of their risk areas to help guide strategic planning.

Compliance Center: FFIEC Recommends Participation in Cybersecurity Information Sharing Forum

After assessment, FFIEC recommends financial institutions participate in forum to learn and spread best practices. Plus the compliance question of the week and legal briefs.

Emerging Leaders, Session 3: Truly Effective Leaders Seek out the Assessments of Others

Jeremy Sankwich reports on the third Emerging Leaders session: Assessments grounded in tangible examples help leaders grow.

CFPB Gathers Educators and Advocates to Explore Financial Education Effectiveness

Classroom education is not enough, a gathering of financial educators and advocates finds. Some of the initiatives being driven by credit unions are key to improving students’ financial capability.

FFIEC Issues Final Guidance for Social Media Compliance

The Federal Financial Institutions Examination Council (FFIEC) has released its final guidance on social-media usage by financial institutions. The guidance doesn’t differ too much from the original proposal released earlier this year, but it does provide some important clarifications.

Northwest Credit Unions Cheer News of No Stabilization Fund Assessment

Northwest credit unions cheered the news this week that there will be no Corporate Stabilization Fund assessment in 2014, saying the decision by the National Credit Union Administration “demonstrates the resiliency of the credit union system.”

NCUA Releases Letter to Credit Unions Regarding Corporate Assessment

Credit unions will receive invoices next month for their 2013 Corporate Stabilization Fund Assessment. The Compliance Report details the NCUA’s plan for the year.

NCUA July Board Meeting

The NWCUA’s director of regulatory avocacy takes a deeper dive into last week’s NCUA board meeting. It is an important meeting for credit unions.

NCUA Reduces Budget, Establishes Stabilization Fund Assessments

The NCUA cut its 2013 operating budget by $2.6 million—the fourth mid-year budget decrease the agency has approved. The board also set the Stabilization Fund assessment at 8.0 basis points.

NCUA Forecasts Little to No Increase in Premiums and Assessments for 2013

The NCUA estimates that the 2013 NCUSIF premium will be between 0-5 basis points, and the stabilization fund assessment will remain between 8-11 basis points, showing “the improving strength of the credit union system.”