Expert Opinion

Don't feel that because your CU has not been impacted by past risks that it can take more risks or get by without changing a thing.

Help staff to better understand that the compliance department's job is to protect the credit union and its members.

While credit unions don't set out to harm consumers, the fact is that oversights happen.

Give them the right support and tools, and they will be empowered to find, measure and remove your organization's risk.

Focusing on the more stringent regulatory expectations placed on larger CUs will help a fintech prepare to enter the big leagues.

Credit unions must couple a strategic board and leadership team culture with a powerful data strategy.