Links in “Social Media”

Facebook's ThreatExchange site allows private companies to share only as much data as they want, without involving the government, as proposed by President Obama's threat-sharing plan. [2/18/15]

NCUA is encouraging credit unions and their members to participate in a live Twitter chat on Thursday, February 26^th  at 11:00 A.M., and share their strategies for encouraging positive savings behavior. The conversation can be followed at @MyCUgov and participants can join in the dialogue by using the #NCUAChat Twitter hashtag. [2/13/15]

Indian bank allows customers to transfer money to anyone in the country who has a Twitter account, check their account balance, view the last three transactions, and more. Presumably all within 140 characters or less. [1/20/15]

The author of this article argues that if your credit union wants a piece of the $2.4 trillion dollar pie ($2.4 trillion dollars being gen Y's aggregate income in 2010), you need a "responsive website." [11/12/14]

It's well-known that social media use is only becoming more popular and is thus a great avenue for credit unions to advertise. However, many institutions have a hard time balancing the benefits with the risks and regulatory guidance. [10/30/14]

The trick? Hide $50 every day for members to find and put the clues on your Facebook page. That's what Great Lakes Credit Union did which allowed them to achieve their "objective of building an even closer bond with [the] area" and get some local media coverage to boot. [9/26/14]

Part of sound social media training for employees is making sure they know that they are always representatives of their bank and should therefore not share anything they wouldn't want their employer or customers to see. Here are four other recommendations for social media training. [9/16/14]

@AffirmX (Risk InboX's Twitter handle) is officially two years old. Over the past two years we've tweeted about everything from security breaches to discrimination. Follow us to stay updated on current events in compliance (we follow back)! [9/3/14]

Last year Twitter implemented a rule that restricted how financial institutions could promote themselves on the site. However, it now appears that its enforcement of that rule has been relaxed as the number of “promoted posts” appears to be increasing. Credit unions remain skeptical. [8/27/14]

Social media is all the buzz in credit union marketing departments, but is your compliance staff prepared to manage the compliance risk associated with using this media?  Many social media activities generate compliance requirements under a host of federal consumer protection statutes. This article provides a good overview of what you need to consider when establishing your internal procedures. [8/19/14]