How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
NCUA diversity self-assessment for CUs
A letter to credit unions has been issued by the NCUA encouraging them to use its Voluntary Credit Union Diversity Self-Assessment as a tool for evaluating their diversity programs and practices and for determining how promoting greater diversity can lead to a stronger internal culture and better service. The Self-Assessment is available year-round, but the cutoff date for submitting this year’s information to the NCUA is January 15, 2020.