It’s not IF—It’s WHEN: Prepare Your Credit Union for Data Breach Aftermath

With data breaches becoming an unavoidable feature of the financial landscape, CUNA Mutual Group points out key risk areas for credit unions.

Massive Credit Card Breach at Home Depot

Update: Home Depot acknowledges that they are the source of stolen credit cards. All U.S. and Canadian customers at risk.

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Measuring the Success of Your IT Security Program

It may be difficult to measure the ROI on your credit union’s IT security program, but if you have solid answers to some key questions, you can make the case for keeping your budget and plan in place. In this week’s Strategic Link report, business partner Network Computing Architects, Inc. offers some tips.

Compliance Question of the Week

We received a garnishment for a member who receives “protected benefits,” but the benefits come in the form of a check. The member is telling us that we have to give him his money back. What do we do?

Compliance Question of the Week

We just found out a member has filed for bankruptcy. What should we do?

2011 HMDA Requirements Outlined by NCUA

The National Credit Union Administration in its Regulatory Alert No. 11-RA-02 is reminding credit unions that engage in residential mortgage lending of their 2011 reporting obligations under the Home Mortgage Disclosure Act.

Make the Payout Ratio Work for Your Credit Union in Challenging Times

The term payout ratio was originally applied in the stock market as a measure of return to investors (dividend payout ratio). Credit unions can benefit from from this concept by using these ratios to measure the percent of interest income that is paid to members in the form of interest on deposits.