In part 3 of our combatting fraud series, Q2's SVP/Chief Security Officer Jay McLaughlin talks about detecting transaction anomalies, "pay-and-chase" situations, social engineering, and fraud threats credit unions need to focus on today.  (4:22)

Visit:
www.q2ebanking.com

Glatt Consulting's Tom Glatt literally has the pulse of the industry in his hands. Tom has created the Credit Union Industry HealthScore, which is a composite financial performance score reflecting the financial health of US-based credit unions. His HealthScore system calculates overall credit union health by scoring/grading credit union performance across 11 different key ratios including Net Worth, ROAA, Operating Expense, Efficiency, Charge-Off, Delinquency, Loans, Deposits, Loan-to-Share, Asset Growth, and Membership Growth. Grading is based on a five-point scale, with 0 reflecting poor health and 5 reflecting exceptional health.

Tom releases a new HealthScore each quarter, which is used by his firm Glatt Consulting, individual credit unions, and media professionals to track, report on, and respond to industry-wide trends affecting credit union health.

The current HealthScore, updated to include 3rd quarter 2014 credit union performance data, is 2.527. The score represents a -0.54% decline from the previous quarter’s score but a 2.94% improvement in score from the same period one year earlier.

To get the backstory on Tom's HealthScore reports, we invited him on the program -- also to get his view on what he has seen over the years since he's been publishing it for credit unions in 2004. Pretty cool program for the industry to remain in check with its latest prognosis. Check it out and pass it on.

Visit:
glattconsulting.com

Short on time? Trailer below...

In credit union land, the acronym "RBC" has become more prevalent than your "ABCs" these days, as the Risk Based Capital issue rages on within our industry. To get to the heart of the matter, we went directly to the source: NCUA Chairman Debbie Matz, who was gracious enough to spare a few minutes with us to discuss this currently consuming topic.

A few of the items we inquired about included the implementation date extension, risk weights controversy, and why even have RBC at all as some have questioned. In addition, we touched on the pot-based credit union ready to launch in Colorado -- yet still uninsured, Palm Springs breach and NCUA's steps to keep it from occurring again, and regulation relief conversation with the CFPB.

Another can't miss episode, so check it out and pass it on.

Visit:
ncua.gov

Short on time? Watch the trailer below...