Dear Credit Unions, by now you will know that the GDPR or General Data Protection Regulation will come into effect in May 2018. The GDPR is intended to harmonise existing Data Protection laws across the EU. Firstly it will strengthen…
Dear Credit Unions, by now you will know that the GDPR or General Data Protection Regulation will come into effect in May 2018. The GDPR is intended to harmonise existing Data Protection laws across the EU. Firstly it will strengthen…
There are four main types of liability insurance that Credit Unions typically should consider. Each deals with different perils and will protect your business from different, potentially costly, scenarios. If you’ve ever asked yourself “What is liability insurance?” Then read…
Some of the major challenges facing Credit Unions today are the rising cost of doing business, making Credit Unions more attractive to new members and the ever present problem of growing lending. Coupled with these is the new challenge to…
To have a better understanding of what information security means let’s firstly compare information security to how we look at security around the Credit Unions cash. We don’t want any person being able to view the Credit Unions accounts and…
Guest Writer: Bobby Gould At this time of year, many Credit Unions are reviewing and updating their business plans and considering the challenges and opportunities that the next financial year is likely to bring. Filene Research Institute recently published a…
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…