Blog & Resources
The Art and Science of Risk-Taking
Have you ever been on the verge of doing something big and then found yourself unable to move forward because of the fear of possible negative consequences? If so, you’re not alone. Most people are wired to avoid fearful...
How To Build a Robust Vendor Risk Management (VM) Process
In an age of ever-increasing demands by customers for more of everything - more products, more services, more convenience - businesses often find themselves struggling to keep up with demand. Credit unions are no exception....
Understanding Your Relationship to Risk
Would You Bet Your Life On it? The award-winning biographical film, Free Solo, released in September 2018, documents one man’s attempt to climb El Capitan. Alex Honnold, an elite climber from Sacramento, CA, had a lifelong...
What is Enterprise Risk Management and How Can It Help?
Enterprise risk management, or ERM, is a term that’s frequently heard these days in many industries. As the business world becomes more sophisticated in technology, processes, and scope, businesses are starting to realize...
Manage Risk as if Your Life Depends on It
Brian Hague, CFA Commander Dana De Coster is a member of the elite Navy SEALs. He has completed multiple combat tours in Iraq and the Pacific Command, has provided support to the FBI’s Counterterrorism Division, and served...
Top 5 Benefits of Vendor Risk Management to Your Business
Pressure to perform well in today’s financial services industry is at an all-time high. With new competitors emerging at every turn, credit unions find themselves under pressure from upper management and the Board of...
Proactive Operational Risk Assessment Leads to Better Business Results
Today’s regulatory environment has become much more stringent when it comes to the safety and efficacy of day-to-day operational practices and procedures in the credit union industry. In years past, reporting and regulatory...
Is Your Organization Planning for Last Year?
Ford Motor Company and Apple Computer no longer exist. Well, that is, they don’t exist with those names. In the past two years, Ford dropped “Motor” from its name, and Apple dropped “Computer” from its name. Ford is now all...
Updated ERM Framework Integrates Risk with Strategy and Performance
COSO recently released an update to the 2004 Enterprise Risk Management – Integrated Framework, which has served as a valuable resource for many organizations in implementing and running their enterprise risk management...