SALT LAKE CITY (4/7/16)--Consider this: Facebook is a $236 billion company, and it offers no original content. The rental website AirBnB is capitalized at $10 billion and doesn’t own an inch of real estate. Uber is worth $40 billion and doesn’t own a single vehicle.
SALT LAKE CITY (4/8/16)--Consumers want to get their payment tools from their financial institutions, said CO-OP Financial Services’ Caroline Willard, during the final day of the 2016 CUNA Payments Roundtable in Salt Lake City Thursday.
SALT LAKE CITY (4/6/16)--The age of data analytics has raised the bar for credit unions, whose members expect a celebrity-like experience, explained Peter Nohelty, chief technology officer, Royal CU, Eau Claire, Wis., during his presentation at the 2016 CUNA Data Analytics Roundtable.
SALT LAKE CITY (4/6/16)--Ben Morales, chief information officer of WSECU, Olympia, Wash., shared his credit union’s experiences in developing business data analytics capability during the 2016 CUNA Data Analytics Roundtable in Salt Lake City Tuesday.
SALT LAKE CITY (4/5/16)--John Best, president/CEO of Best Innovation Group, likened the data analytics space to the “Wild West” during the 2016 CUNA Data Analytics Roundtable, held through today in Salt Lake City. And credit unions must adopt some of the same traits that helped the pioneers settle and tame the Wild West, Best said.
Once the Financial Crimes Enforcement Network’s new customer due diligence rule becomes effective May 11, 2018, credit unions will be required to identify and verify the beneficial owners of business-type accounts.
CUNA continued its efforts for clarifications, including asking for credit card guidance, on the changes to the Military Lending Act Thursday. Many changes became effective last October, and credit card provisions will take effect Oct. 3.
The 2017 CUNA GAC kicks off Feb. 26, registration starts Sunday and leads into that evening’s ED (Filene) Talk, and continues Monday with the kickoff of the general session and a number of breakout sessions.