Links in “Credit Unions”
- Final CUSO Rule on NCUA Board Agenda
The NCUA Board will consider a final CUSO rule at its November Board Meeting on the 11/21Â that will require CUSOs to file their financial statements with NCUA and forward copies to their state supervisors. According to this CU Times article, approval of the new rule is not a slam dunk as two board members have expressed concerns about the cost to the agency. [11/18]
- Do You Have an Effective Capital Strategy?
With historically low interest rates poised to rise, your credit union needs more than a standard asset/liability management policy. You need an active strategy to manage interest rate risk in order to maintain net income and capital. [11/18]
- Lessons Learned Not from Freddie Mac, But Fleetwood Mac
Three lessons credit unions can learn from the legendary band Fleetwood Mac, according to author Malcolm Gladwell. [11/15]
- Yellen Hearing: Small Institutions Need Regulatory Relief
Yellen acknowledges that small institutions, including credit unions, need a less burdensome regulatory model. [11/15]
- Toll of Keeping Mum on DDoS Attacks
Efforts to seek to deny cybercriminals the publicity they seek is understandable, but the toll of keeping mum on customer trust could be worse than what the cybercriminals are doing. [11/15]
- House Committee Approves Bill to Amend Coverage for Lawyer Trust Accounts
House Financial Services Committee approves bill that would amend credit union insurance coverage for certain escrow accounts. [11/15]
- Referral Performance Score Matrix
Group surveys consumers to measure financial institution loyalty measured in two ways: referrals and increasing number of accounts with the financial institution. The result is the industry's "referral performance score." Here's how the industry did in 2013 compared to 2012. [11/15]
- Second Disparate Impact Shoe Drops: Mt. Holly Settles
The second opportunity to gain clarity from the Supreme Court on the issue of disparate impact effectively disappeared last night when the Mount Holly town council voted last night to approve a settlement. [11/14]
- Vulnerability Alert: “Keyboard Video Mouse” Switches
Two incidents in the U.K. involved criminals seeking to steal millions by using staff KVM switches to record staff keystrokes and screen activity to steal passwords. [11/14]
- Why Electronic Payments in the U.S. Move at a Snail’s Pace
Other countries, such as the U.K, Mexico and Sweden, can complete electronic payments in as little as minutes. In the U.S., it can still take days. Here's what's behind the snail's pace in this country. [11/14]
