CUs should consider collaboration, work flow improvements to reduce costs.
July 1, 2012
As credit unions experience tepid loan demand and increased pressure on earnings, they’re turning to their in-formation technology (IT) departments to achieve greater efficiencies, according to CUNA’s 2012-2013 Credit Union Environmental Scan Report.
FinCEN issued a list last week of frequently asked questions regarding Customer Due Diligence requirements for financial institutions. The document contains 24 sets of questions and answers, which are also available on. CUNA’s CompBlog .
The NCUA board voted Thursday to adopt the agency’s strategic plan for 2017-21 that includes updating the agency’s goals for examinations. While this change does not immediately credit unions' exam cycle, it sets the stage for later improvements.