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12/27/2017 -- About a year ago, I discussed embracing social media as a resource tool to aid in a credit union's anti-money laundering (AML) compliance efforts. As a follow-up to that discussion, I would like to mention the top five reasons for the non-use of social media, as well as the importance of developing social media use policies and procedures. By becoming aware of the challenges to using social media, perhaps credit unions can make changes to overcome these challenges and take advantage of social media to boost their compliance efforts.

12/19/2017 -- Spreading funds around can be cumbersome for investors. Multiple accounts, multiple statements, multiple trips to financial institutions. In fact, we could say that all these multiple steps involved in placing funds is equivalent to the pain and annoyance of a root canal, especially for smaller businesses that might only have part-time volunteers running their organizations.

12/12/2017 -- This is the time of year when many credit unions are finalizing strategies, goals, and budgets for the upcoming year. And, as loan growth is typically the key component of all three of these activities, consideration must be made for how these assets will be funded. While member deposits and net worth remain the primary funding source for assets, credit unions are increasingly using non-member deposits.

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