True Sky Federal Credit Union’s Post

Great insight into core issues of failed credit unions in the last decade. Many of these core risks can be greatly reduced or have proper oversight when partnering with Fintechs. Fintechs like MANTL have embedded software to reduce fraud by almost 70% in account origination. Fintechs like Total Expert and Glia can mitigate risk by actively analyzing data and highlighting key metrics for credit union employees.

Here's something you can do for today's bank holiday: Join the make-believe interplay between a dad and son with WHITE64 for PenFed Credit Union. #productioncompanies #videomarketing #digitalmarketing #advertisingandmarketing #cast #onlinemarketing #commercialvideo #advertising #advertisingcampaign #commercials 

Here's something you can do for today's bank holiday: Join the make-believe interplay between a dad and son with WHITE64 for PenFed Credit Union. #productioncompanies #videomarketing #digitalmarketing #advertisingandmarketing #cast #onlinemarketing #commercialvideo #advertising #advertisingcampaign #commercials 

The question here is did the Government implement the 16 recommendations from the IFMS hacking investigations in 2022? The Government failed to table the report on the IFMS hacking in 2022 in the Parliament and make decisions on how these 16 recommendations can be implemented. The huge funding put towards the investigations of the IFMS hacking has accomplished its objectives however the 16 recommendations were not implemented todate. WHY?? It is believed the recommendations contained suggestion on the implementation of some measures to be put in place for the security of the IFMS system to prevent further issues. So we can't blame the system, the system is created by human and so if there is a loophole in the system that could result in any ISSUES, it should be corrected. Marape stop the blame game and implement the 16 recommendations or simply RESIGN. this country is too big for you. You don't have a good testimony to still be the PM.

Nice quick video by 11:FS on the challenges and opportunities facing credit unions. The ground credit unions occupy on the banking battlefield is under attack. With big banks approaching on one side and digital challengers on the other, the time for credit unions to act is now. Watch this: https://lnkd.in/eMEWVf8D At Backbase, we believe that credit unions have a very important role to play and can act from an area of strength with the trust they have from the local communities they serve and the members they have. By playing to these strengths, their purpose, tailored to their segments and enhanced with the right balance between human and digital - they can be highly successful. if you want to understand more, please see how we help Navy Federal Credit Union (the largest Credit Union in the world) achieve just this here: https://lnkd.in/etakqgnm

State of the Union and Financial services? Not every day that you hear banking policy, and "junk fees” being front and center during the President’s State of the Union address! • Policy | President Biden's commitment to tackle hidden financial-service fees. • Consumer | The CFPB's efforts to regulate and reduce "junk fees" for consumers. • Banking | Bankers' opposition to the CFPB's characterization of certain fees as "junk." Junk Fee Prevention Act will have serious implications for the creditors' rights industry. https://lnkd.in/eqpUZURN

Ever been asked what a credit union is and does? We've created a series of five short, sharable, free videos that each focus on one of the many reasons why credit unions are a better choice. Go ahead, go binge-watch all five right now. Fun, right? https://zurl.co/ypL5 The best part? They're free. Everyone is welcome to use the videos on your website and share them on social media. Add them to your "About Us" page. All we ask is that you give us feedback. Tell us what your members think. And give us suggestions for more videos, so that we can include them in Round 2. Read more about these videos and why we made them, here: https://zurl.co/PXGz #creditunions #videos #socialmedia #sharedidiz

President Biden's initiative to cut credit card late fees significantly underscores the growing demand for transparency in financial services. With this change poised to save families billions, it's a stark reminder of the value of clear, fair financial communication. Consumers are willing to pay fees, provided they understand their purpose and perceive them as just. Many banks and the statements they provide currently fail in this regard, with obscure charges that confuse rather than clarify. Envision a bank statement revolution: every fee is clearly listed, accompanied by an explanation. This approach not only fosters trust and satisfaction among customers but also sets a new standard in financial dealings. It's time to advocate for a shift where financial transparency isn't a rare feature but a fundamental expectation. Clarity in our financial statements isn't a luxury; it's a necessity for informed financial management. https://lnkd.in/eDmXEWKd

Electoral Bonds declared Unconstitutional by Supreme Court? 🤔 Let's delve into what electoral bonds truly entail! Comment down your views on this move 👇 Reference: The Economic Times (Post Read Time: 70 seconds) #bonds #newsupdates #newsalert

Facing unfair debt collection practices? Learn how the Financial Ombudsman Service can help you seek justice. Click here to read the full blog: https://lnkd.in/egAHsMKm #debtcollection #consumerrights #FOS #financialombudsman