ViClarity Compliance Update

Q1 credit union data; shadow action risks; digital fraud trends; AI legislation updates; and our June Q&A.

The Dakota Credit Union Association’s dues-supported compliance solution –  ViClarity – is a world leader in credit union compliance. To read the complete articles/answers that are linked, you will need to log in with your username and password. If you have questions about establishing your members-only account with ViClarity, click here for detailed instructions or contact DakCU's John Alexander.​ 
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NCUA Releases Q1 Financial Performance Data for the Credit Union Industry
The National Credit Union Administration (NCUA) has released the Q1 2025 Credit System Performance Data. The NCUA’s Quarterly Credit Union Data Summary Report provides a summary of the financial performance of federally insured credit unions based on information reported to the NCUA within first quarter of 2025. For the highlights and full report click here. 

Shadow Boxing: Preventing the “Shadow Actions” of Staff Members
Financial institutions are very familiar with their own policies and procedures, or at least they should be. However, sometimes staff members with the best of intentions can engage in actions that cascade a series of events which ultimately leads to dismal conclusions. These types of “shadow actions” can have severe consequences for financial institutions if not properly addressed. Learn more about "shadow actions" here. 

Show Me the Money! Mitigating Risk with E-Commerce & Social Media Scams
It is an inescapable conclusion that financial institutions must reconcile the conveniences of the modern age with the risk of fraud likely accidentally perpetrated on behalf of the same individuals the financial institution is intending to serve. This can be as frustrating and harmful for the financial institution as it is the account holder. Read more here. 

You Shall Not Pass! U.S. House Reconciliation Bill Included a 10-Year Ban on State AI Legislation
It’s been called “big,” it’s been called “beautiful,” but what’s in it may change the current Artificial Intelligence (AI) regulatory landscape for the next decade. The budget reconciliation bill that was recently passed by the U.S. House of Representatives included a provision that would place a 10-year ban on state legislatures from regulating AI in any capacity. Full details can be found here.

​June 2025 Q&A
Click here to read the June Q&A.