Succession planning is essential for credit unions to ensure smooth leadership transitions and maintain operational stability. With the recent NCUA Succession Planning Rule, all federally insured credit unions must have a formal succession plan. But how prepared are credit unions to meet this new requirement?
During a recent webinar about the new Succession Planning Rule, 70 credit unions participated in poll questions assessing credit unions' readiness and resulting in some key insights.

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On Tuesday, October 24, 2023, regulators published an updated version of the Ransomware Self-Assessment Tool (R-SAT). In this blog, we’ll discuss what the R-SAT is, what got updated, and what you need to do about it.