When a deadly windstorm pummeled the Inland Northwest, STCU quickly offered members low cost emergency loans. The results: 200 loans and $1 million to “get it fixed.”
Credit unions usually have strong recovery processes in place to protect their members’ assets and employee safety in times of crisis. But do they know how to communicate their actions to the board, staff, members, and media? Renowned reputation manager Anthony Huey returns to Amplify this fall to offer interactive crisis management guidance.
Recent data breaches at Target and other retailers have been in the news a lot, but identity theft can take many forms. Do your members know how to prevent identity theft? Do they know what to do if their personal or financial information is compromised? Check out these great strategies from CSCU – and pass them along to members now!
Having a 401(k) is second only to health insurance on employees’ list of most important benefits. If your credit union has already taken the crucial step of having a retirement plan in place, consider these additional steps from CUNA Mutual Group to help employees make good decisions about their plans.
Credit unions need to make sure they’re protected by indemnification provisions in the contracts they sign with third-party service providers and other vendors if they hope to avoid patent-infringement lawsuits.
Credit unions should perform compliance reviews following the Supreme Court ruling mostly upholding the Affordable Health Care Act. Provisions already implemented will remain in effect, and now is the time to prepare for the pending requirements.
The CFPB released its official Mortgage Origination Examination Procedures, which will serve as a “field guide for CFPB examiners” as they examine mortgage originators in all sectors of the financial services industry.
It can be difficult understanding which types of loss your credit union’s fidelity bond does and does not cover. A legal and risk-management concept that can help clarify this is “pure risk” versus “uninsurable risk.”