How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
Urgent needs grants available from NCUA
The NCUA has posted a press release announcing that federally insured, low-income designated credit unions that experience unexpected costs as a result of COVID-19 can request urgent needs grants. The NCUA’s Office of Credit Union Resources and Expansion can provide grants up to $7,500 to low-income credit unions for:
- Hardware, software, or other equipment to help them provide financial products and services from remote locations;
- Consulting services to develop programs and partnerships to assist those affected by COVID-19, such as small businesses or schools; and
- Developing marketing materials to assure members their insured deposits are safe.