Monthly Archives: July 2011
Board Reporting
(Read the full .pdf article: Board Reporting) Overcome Analysis Paralysis. We tend to overcomplicate reporting. Consider this your new motto: “Write to express, not to impress.” Your job is to convey to the board—in simple terms they can understand—what you’re doing about security and how it affects the organization. Eliminate any “geek speak” and focus on [...]
St. Cloud FCU Case Study
St. Cloud FCU Makes Compliance a Team Job St. Cloud Federal Credit Union serves a tri-county area just northwest of Minneapolis. The credit union offers a full range of financial services with offices in St. Cloud and Sartell, Minnesota. The Credit Union’s Challenge: St. Cloud FCU had several people handling compliance issues, but all using [...]
Woodland Bank Case Study
Woodland Bank Secures New Loan Production Office Woodland Bank is a family-owned institution with a 90-year history of service to the families and businesses of Minnesota. With six branch locations throughout the north central region of the state, the bank has established itself as a modern, forward-thinking organization. Woodland Bank opened a separate loan production [...]
Protecting ACH Transfers
Protecting ACH Transfers (Read the .pdf version: Protecting ACH Transfers.) New regulations require financial institutions to monitor risk for ACH transactions. Even when a financial institution’s systems are secure, its customers systems may not be. ACH rules take over where Red Flags rules left off by going beyond consumer protections to mitigating risk in business accounts. [...]