Links in “Credit Unions”
- Target Was Warned about Data Security Vulnerabilities
Target computer security staff recommended that the company review its security more than two months before the massive data breach. To date at least 53 lawsuits have been filed against the company. [2/19]
- Clean Audit for NCUA Permanent Funds
NCUAâs 4 permanent funds received clean audit reports for 2013 from KPMG, LLP. The audits included the Operating Fund, the Central Liquidity Facility, and the Community Development Revolving Loan Fund. [2/19]
- Overview of White House’s Cybersecurity Framework
A look at Executive Order 13636 on the "Framework for Improving Critical Infrastructure Cybersecurity," released last week. [2/19]
- CUNA Calls for Public Hearings on Risk-Based Capital
CUNA is urging NCUA to conduct public hearings before proceeding with its risk-based capital proposal. The CEO, Bill Cheney, says NCUA would benefit from hearing credit unionsâ concerns in an interactive setting and points out that under the current system credit unions were able to weather the worst financial crisis in 80 years in a strong fashion. [2/18]
- Death by Mission Statement
An amusing look at mission statements developed by those outside of the credit union industry offers insight into what credit union mission statements should be. [2/18]
- Contact Centers to Change in Controversial Ways
The trends in contact center management are changing in ways that many see as controversial. The expectations are that the focus will be moving away from efficiency metrics to the overall member experience and how that success is measured to more empowerment for the contact center representatives. [2/18]
- ECCU Continues to Battle Former Mega-Church
Evangelical Christian Credit Union of Brea, California, has been trying to foreclose on Without Walls International Church in Lakeland, Florida, since 2008. Without Walls, once the largest church in the state, has since abandoned the property and has resorted to a number of countersuits that have delayed the process. [2/17]
- New Bill Expected Soon on GSEs
The Senate Banking Committee is reportedly close to introducing a new bill on housing reform. The anticipated bipartisan effort would require an unwinding of Fannie Mae and Freddie Mac. [2/17]
- “Love Letters” from the NCUA
A recap of some of the "love letters" NCUA has issued in the last few weeks, including an announcement of the E-Calculator and a revised version of its "Your Insured Funds" booklet. (Be still my heart!) [2/14]
- CFPB’s Cordray to CUs: Don’t Exit Mortgage Business Because of New Rules
In an online town hall with credit unions, CFPB Director Richard Cordray stresses that he does not want its rules leading to credit unions exiting the mortgage business. [2/14]
