10 Ways to Prepare for a Core Conversion

Technology is the driving force of the financial services industry’s growth, and credit unions are investing in new tech to serve their members. Here are 10 important things to remember when preparing for a core conversion.

Video Training Available to Prevent Employee Dishonesty and Fraud

The NCUA and CUNA Mutual Group are partnering to help credit unions prevent fraud and dishonesty. A seven-part online toolkit is being unveiled.

Establishing a Winning Team Requires Covering all the Bases

The success of a credit union is due, in large part, to the expertise and skill of its employees. Whether you are looking for a CEO to replace a beloved leader due to retirement or need to add specialized talent to an existing department, combining an efficient recruiting process with quality resources will give you the best long-term results.

Are You Linked? Credit Unions Look to Human Resources for Social Media Policies

If a credit union isn’t connected, it’s disconnected, as members have access to all online, mobile and social media platforms. But Strategic Link Partner JMFA has some important reminders about standards and policies that credit unions must put in place to protect their security systems, reputations, employees, and members.

CFPB Says Credit Unions Could Be Responsible for Third-party Actions

The CFPB recently issued a bulletin reminding credit unions that they can be held responsible for the actions of third-party contract service providers and that they are expected to have an effective process of managing risk in these relationships.

Compliance Question of the Week

If a credit union offers a debit card that is tied to an HSA account, is that covered under Reg E?

Inherited IRA is Insured, but Tax Issues Can be Complicated, says NCUA

According to the June 6 letter, the NCUA’s regulations provide share insurance coverage for a member’s IRAs up to $250,000 that is separate from the member’s other accounts at the same credit union.