As quickly as the year comes around we are approaching the renewal period for insurances for the Credit Union Industry. Last year, at CUNA Mutual, we launched our Commercial Insurance program (Property and Liabilities Cover) in the UK, during the…
With cyber security widely recognised as a key threat to financial institutions, Credit Unions are increasingly focussed on data governance and Cyber Risk management. Royal Bank of Scotland now spends upwards of £150 million per year on data security; therefore…
1. Directors can be personally liable for any losses that are incurred A Credit Union Director’s personal assets could be at risk if a claim against them is made, there is no other way of protecting a Credit Union Director…
The GDPR is new legislation that will replace all current national data protection legislation throughout the EU Member States. This will take effect as of the 25th of May 2018. Credit Unions have until this time to prepare to comply…
How can Credit Unions act smarter when it comes to Cybersecurity? Once staff have an understanding of how cybercriminals operate, an organisation must assess the risk to the Credit Union. Businesses are required to protect the personal data of their…
Credit unions are now on the hit list for Cyber Criminals. Many credit unions are wondering what they need to do in order to avoid a cyber-attack. There are many measures that can be taken to help protect the credit…
We are delighted to advise that following feedback from our presentations on Cyber Crime prevention and Insurance at the ABCUL conference held in March, we have collaborated with IT Governance to create a tailored Cyber Essentials package for Credit unions….
The 7th annual, CUNA Mutual Group Discovery Conference is set to take place on the 18th of October. This is a free and virtual event for Credit Union Leaders. “Our conference is the web-based equivalent of a face-to-face conference except without any of…
Cybercrime has been on a consistent rise over the past decade and in very recent years it has become a top priority for financial institutions. This is now becoming a concern for Credit Union, as in the past Credit Unions…
Currently, over half of all loans in Irish credit unions are to members who were under 35 when they originally joined their credit union, back in the 1970s, 1980s and 1990s. They are now targeting the millennials, the new generation…