Bank And Credit Union Board Diversity Should Include Tech Acceptance

Martin Webster, EMBA Best Practices 0 Comments

Many financial institutions are rethinking the makeup of their Board and the possible pathways available to bring different backgrounds, talents, and experience to their institution. Usually, these discussions evolve around getting Board Members who are younger, of a different ethnicity, gender, or profession. Along with these, I believe that efforts to create a more diverse Board should also include seeking …

3 Easy Steps For Data Adoption For Banks And Credit Unions

Martin Webster, EMBA Best Practices 0 Comments

Google has a tool that allows you to export all of the information it has about you: websites visited, YouTube videos watched, photos, emails, profile information, and much more. I thought I’d try it to see how much information they have about me. When I clicked “Create Archive” to export my data, a message came back that said, “An archive is …

The Banking Regulatory Burden Visualized

Martin Webster, EMBA idea5 Discoveries 0 Comments

A newly retired banker and good friend of mine just bought into a daycare in our city. During lunch recently, he jokingly said he had bought into one of the few businesses with more regulations than banking. While there may be truth in this, the regulatory burden financial institutions face today is not particularly funny. The extent of this increasing …

Best Practice of the Quarter: “Show Me the Money” Loan Promotion

Bill Goedken, MBA CPA CMA CGMA Best Practices 0 Comments

Last year, idea5 performed several website studies. One study in particular focused on the effectiveness of bank and credit union websites across the country. Our sample included several hundred financial institutions in many different locations and asset ranges. We reported the results in our June 2014 through August 2014 newsletters. Highly ranked at number 5 in our study was Dupaco …

Heard On The Street: Is The New Regulatory Environment Limiting Product Choices?

Bill Goedken, MBA CPA CMA CGMA idea5 Discoveries 0 Comments

Earlier this month, I attended and also spoke at the American Banker Association’s National Conference for Community Bankers. One of the education sessions dealt with the new banking “business model” and how the regulatory changes were affecting community banking. The moderator asked the audience to respond with a show of hands on several questions. One question was “Is the new …

Best Practice Observation of the Month: Cybersecurity – the New Reality

Martin Webster, EMBA Best Practices, idea5 Discoveries 0 Comments

We have all seen the news about data breaches at Home Depot, Neiman Marcus, Target, even Sony. Banks and credit unions are also being targeted, with institutions like Citibank, Bank of New York, and JP Morgan reporting major security breaches. The after effect of these breaches are now hitting main street financial institutions. As an example, credit unions in Ohio …