October is Cybersecurity Awareness Month
You dread hearing those calls from members when they describe being in financial peril because they fell prey to a phishing scam or a romance scam. Sadly, credit union members — of all ages — fall victim to fraud. And unfortunately, fraud is becoming more prevalent. While you can’t build a shield around your members, […]
Is Your Credit Union Aware of Elder Financial Exploitation?
Senior citizens are one of the fastest-growing demographic groups across the country. In Tennessee alone, they will account for more than 24% of its population by the year 2030. This is a jump of almost 27% from 2012, according to the U.S. Census bureau. As your credit union’s membership ages, addressing the challenge of elder […]
Tennessee Elder Abuse Task Force Final Report
The Tennessee Elder Abuse Task Force Final Report reviews research about elder financial exploitation; attempts to estimate the monetary impact of financial exploitation in Tennessee; and considers our state’s approach to identifying and investigating this type of elder abuse. Further, the report lays out the current framework for prosecuting and convicting perpetrators and addresses regulatory gaps and barriers. […]
NCUA Allows Flexibility for Meetings in 2022
On November 15, the National Credit Union Administration (NCUA) issued Letter 21-FCU-06 advising of the administration’s flexibility for meetings in 2022. With the continuation of the COVID-19 pandemic, the NCUA has extended the flexibility for federal credit unions to conduct meetings virtually in 2022. According to the standard federal credit union bylaws, a federal credit […]
Does Your Business Continuity Program include a Pandemic Plan?
Pandemic planning presents unique challenges to credit unions unlike most natural or technical disasters and malicious acts. The impact of a pandemic is much more difficult to determine because of the difference in the scale and duration of a pandemic event. As a result of these differences, credit unions need to plan for the potential […]