Expert Opinion

ALM First addresses the financial structure of these transactions, regulatory concerns and the question, "Why a bank and not a CU?"

Here are some steps to perform now to manage the COVID-19 crisis and support staff, members and community.

CUs should know that financial challenges occurring due to COVID-19 and expected economic slowdown are neither signs of operational/oversight deficiencies nor are they likely to last for long.

A CU's program for deterrence and detection of fraud should involve all members of the board, executive management and virtually every employee.

When CUs live up to the promise of DEI, they improve internal operations, employee satisfaction, member service and loyalty.

SAFE Credit Union's former longtime CEO shares internal fraud prevention tips and lessons.