December 21, 2022

https://financialedinc.com/?a=vacb

Nationwide, every day of every year, safe deposit box rental payments become delinquent. At what point should the financial institution intervene?

In addition to all of the everyday risks banks and credit unions need to guard against, the COVID-19 pandemic resulted in a significant increase in ATM thefts across the country. The spike hasn’t been surprising due to a number of factors, but the costs and damage resulting from these attacks are often considerable. Fortunately, there are steps banks and credit unions can take to help prevent becoming a victim of ATM theft.

How would you describe your bank’s workforce? Is it robust or holding its own? Did the pandemic affect your hiring efforts, and where to look to find potential candidates? What is your bank’s process when looking to hire staff? Do you look inward when openings arise and see who in your current pool of talent would be a good fit for the position you are trying to fill? I know, I know, that’s a lot of questions, but they do have a point!

Digital transformation. Those words have been bandied about with increasing fervor, fueled by a heightened sense of urgency. Yet, while the digital movement has increased pace, it’s more of an evolution than a revolution.

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