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Relevant Information—For You, By You
Clarissa Martin, Research and Information Consultant for the California and Nevada Credit Union Leagues

CLOUD COMPUTING: RISKS TO CONSIDER
updated 10/22/13 07:09 AM
Complete Your Due Diligence
What is "cloud computing," and what are the potential risks for your credit union?

Cloud computing is defined as hardware, networks, storage, services, and interfaces that are combined to deliver requested computer services. It is a migration from owned resources to shared resources in which client-users receive information technology services on demand from third-party service providers via the Internet "cloud."

It's important for credit unions to complete their due diligence, look at the several models offered, and consider the potential risks. Credit unions should continually assess the following:

  • Data classification
  • Data segregation
  • Recoverability
  • Vendor management
  • Audits
  • Information security
  • Legal, regulatory, and reputational considerations
  • business continuity planning

Click here to continue reading the latest Asked and Answered column on Page 18 within the October/November edition of Credit Union Digest!

 
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WHAT 'REACH' MEANS TO YOUR CU updated 10/22/14 05:00 PM
Unique Cross Section of Opinions
What’s your perspective of “REACH”? And what does it mean to your credit union?

MAGIC JOHNSON: REACH FOR NEW HEIGHTS updated 10/21/14 07:20 AM
Delivers Riveting AMC Message
REACH 2014 keynote speaker Earvin "Magic" Johnson challenged leaders attending the California and Nevada Credit Union Leagues’ Annual Meeting and Convention on Tuesday morning to elevate their credit unions to the next level, take their egos out of the game, and "join the team."

PAC GOLF TOURNAMENT RAISES 32k updated 10/21/14 07:08 AM
First Day at Leagues' Convention
More than 80 credit union executives and industry vendors played in the 2014 PAC Golf Tournament on Monday morning at the Mountain Gate Country Club, raising $32,000 for the California Credit Union League’s Political Action Committee (PAC).

CA LEADERS MEET WITH CFPB OFFICIAL updated 10/17/14 10:31 PM
An 'Extremely Worthwhile' Discussion
Nearly 15 credit union leaders recently met at California Coast CU in San Diego with Jennifer Stockett, senior advisor for the office of financial institutions and business liaison at the Consumer Financial Protection Bureau (CFPB).