1. 3SI
Leveraging Technology to Improve Financial Fundamentals
Branch transformation has had a huge impact on credit union branch design – and with these changes come new and unique challenges. Technology can help credit unions address these questions – but did you know that using the right technology can have a positive impact your bottom line? This white paper will help your credit union make the right technology choices.
Learn how 3SI can help you today.
- Agility
Faster Broadband Offers Relief for Rural Banks and Credit Unions
Rural credit unions are critical pillars for their communities, which is why reliable connectivity and the ability to promptly restore operations after an interruption is so important for branches in rural and remote regions. Historically, broadband limitations in low-population areas have negatively impacted branch resilience. Today, however, national legislation and the introduction of faster, more affordable recovery connectivity solutions offer much-needed relief for rural credit unions and the members they serve.
Learn how Agility can help you today.
- CUVM
Vendor Management Best Practices
Effective vendor management is essential for credit unions to achieve success. Careful planning, strategic decision-making, and constant monitoring are necessary to ensure the best outcomes.
Here are a list of best practices:
- Keep it simple
- Collect due diligence up front when choosing a new vendor
- Obtain a signed copy of the contract with all signatures
- Document contract and exit dates and share them with multiple staff members
- Review vendor performance annually, including billing, to ensure accuracy
- Collect and review due diligence on an annual basis, tailored to the vendor’s criticality
- Have a vendor management policy and procedures in place to prevent issues during an exam
Learn how CUVM can help you today.
Learn how CUVM can help you today.
- Newtek
How Credit Unions Can Grow Their Small Business Membership – and Revenue
Small businesses are a remarkably resilient segment of the economy, enduring the unprecedented challenges of recent years. Despite the impact of the pandemic and the continued pressures of inflation, small business growth is expected to continue in 2023. Credit unions across the country can be a valued resource and partner to these small businesses – helping their communities and growing their bottom line.
Learn how Newtek can help you today.
- Silversky
Is Cybersecurity Different in Government Than in Private Sector?
That question is asked often. However, any question about differences between sectors depends on how we analyze the properties for comparison. In many obvious ways, no differences exist between for the public and private sectors.
Learn how SilverSky can help you today.
- Trellance (fka 2020 Analytics)
Using the power of data to properly manage a diversified portfolio.
In this podcast Dan Price shares insights on how credit unions and members are affected by state of the economy, CECL, and rising interest rates, along with inflation and housing affordability. He believes credit unions are well positioned to help borrowers in this economy as well as continue building trusting relationships.
Learn how Trellance can help you today.
- Venminder
Whitepaper: State of Third-Party Risk Management 2023
Take an in-depth look at how your peers are managing third-party risk today. This whitepaper covers current vendor risk focus, practices, challenges, compliance incentives, trends, benefits, and recommendations based off an industry-wide survey, including credit unions, and analyzed results. Use this comprehensive data as a benchmark and to help you improve your credit union’s third-party risk management program this year.
Learn how Venminder can help you today.
Contact Dan Collins, dcollins@nebrcul.org, for questions regarding CSS.
