IMS Blog Articles
Expert Insights for Community Banks and Credit Unions
Is Your Credit Union Aware of These Bank Secrecy Act Violations?
Financial transactions are increasingly digital and global. The importance of protecting credit unions from threats such as Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) violations cannot be overstated. These violations can undermine the integrity of...
Embracing Costovation: How Credit Unions Can Adopt Lean Business Practices
In today's rapidly changing financial landscape, credit unions face increasing competition from traditional banks and fintech companies. To stay relevant and continue providing exceptional member experiences, credit unions must find innovative ways to...
The Impact of Recent Changes to SBA 7(a) and 504 Lending Programs on Credit Unions
The Small Business Administration (SBA) recently made changes to the 7(a) and 504 lending programs, which have the potential to negatively affect credit unions and their borrowers. These changes aim to increase participation in the programs but experts believe...
Important Credit Union Regulatory Hot Topics
As a credit union, staying up to date on regulatory trends and concerns is crucial to ensure compliance and avoid penalties. With the ever-changing landscape of financial regulations, it can be challenging to keep track of the latest developments. That's why...
Silicon Valley Bank Collapse: 4 Takeaways
Silicon Valley Bank is one of the most prominent financial institutions in the tech industry, providing banking services to startups and venture capitalists. Recently, the bank experienced a security incident that affected its clients' sensitive information....
The Cost of Bad Data
Good data is essential for businesses, especially credit unions. But what many credit unions need to realize is that bad data can come with a hefty price tag. From decreased operational efficiency to missed opportunities to grow your business, the cost of bad...
How Credit Union Data Analytics Can Improve Financial Performance
In the modern age, credit unions are increasingly turning to data analytics to gain a better understanding of their financial performance. By leveraging data analytics, credit unions can track customer preferences, improve the member experience and ultimately...
4 Powerful Credit Union Brand Strategies
Having an effective brand strategy is essential for credit unions to stay competitive in the marketplace. Strong credit union brand strategies can help to differentiate your business, attract customers, and make your institution stand out from the competition....
Data Quality for Credit Unions: Best Practices
Data quality for credit unions is an essential component of effective CU management. Keeping accurate and up-to-date records, such as member information, enables credit unions to provide the best services to their members. To ensure data quality, it is...
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