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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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REMOTE DEPOSIT CAPTURE FUNDAMENTALS updated 08/19/14 10:54 AM
Timing, Regs, and Risk Management
Remote deposit capture in home banking and mobile banking is quickly becoming a must-have feature. Although credit unions have many options for how to provide this service, questions abound regarding availability of funds and risk management.

CATALYST LOAN PROGRAM NEARS 50M updated 08/18/14 04:19 PM
California Credit Union Participation
Since its launch a few months ago, Catalyst Corporate FCU’s loan participation program has helped nearly two dozen credit unions—including California credit unions—sell and buy more than $46 million in loans.

CFPB LEADER HEARS OVERDRAFT CONCERNS updated 08/15/14 02:38 PM
Regulatory Issues Discussed
Minimizing the impact of current rules, pending proposals, and contemplated requirements were key themes of a meeting Wednesday between the Credit Union National Association (CUNA) and Consumer Financial Protection Bureau (CFPB).

CO-OP TAPS FORMER FACEBOOK DIRECTOR updated 08/14/14 08:49 AM
Randi Zuckerberg at 'THINK It Out'
CO-OP Financial Services has added Randi Zuckerberg, CEO of Zuckerberg Media and former director of market development and spokeswoman for Facebook, to its lineup of speakers at the first "THINK It Out" event on Aug. 20 in Ontario.