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

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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CU DIRECT TO DONATE 20K TO CMN updated 12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.

NCUA MAY BE LIABLE FOR DATA BREACH updated 12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.

Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!

'IOLTA' BILL: A BIG WIN FOR MOVEMENT updated 12/15/14 10:36 AM
Two Credit Unions React
The Senate’s passage of H.R. 3468 on Thursday is big news for federally-insured credit unions in California and Nevada that serve attorney firms and other businesses, and could open the door to deepening current relationships and attracting new prospects.