LEVERAGE Monthly Newsletter

In a world where cybersecurity can never be taken for granted, organizations must be prepared to handle the unexpected. To support the growing cybersecurity needs of credit unions, LEVERAGE has partnered with PIVOT Group to deliver effective solutions for auditing, assessments, and compliance services. With a 24-year track record, PIVOT Group specializes in providing cybersecurity solutions to protect data and systems while ensuring compliance with Information Security and Data Privacy regulations.

PIVOT Group LLC is a nationally recognized, independent, and objective audit, assessment, and compliance services firm that focuses solely on Information Security services. Our unique approach redefines Information Security by tailoring solutions. We eliminate the fear surrounding Information Security, helping credit unions transform it into a business enabler and competitive advantage. Our audit and assessment services cover the full lifecycle of Information Security, addressing the business, resource, and regulatory needs of our clients while focusing on NCUA Reg 748 A&B, Federal, State, and Local Data Privacy Laws, PCI Compliance, and current threats.

Emerging Cybersecurity Threats

Cybercrime continues to rise, with reported incidents increasing by 53% from 2024. Key threats include:

• • Business Email Compromise
• • ATM Jackpotting
• • Ransomware
• • Elderly and Friendly Fraud
• • Payment Fraud

Compliance Update
A new regulation under NCUA Reg 748 A&B mandates that credit unions report cyber incidents to NCUA within 72 hours. For more details, refer to NCUA’s Letter to Credit Unions 25-CU-07 (Jan 2025).

Cybersecurity Best Practices

PIVOT Group is committed to safeguarding credit unions against both current and emerging threats. Their comprehensive compliance services include:

• • Vulnerability Testing
• • Penetration Testing
• • Social Engineering/Phishing Testing
• • IT Security Control Audit
• • Cybersecurity Risk Assessment
• • IT Risk Assessments
• • Ransomware Risk Assessments
• • Incident Response Program Assessment
• • Information Security Training
• • Technology and Applications Security Reviews

For more information, visit https://myleverage.com/solutions/pivotgroup.php or contact a League Consultant at consult@myleverage.com or 855-9EXPERT (855-939-7378).

The League is excited to share a valuable service tailored for smaller credit unions in Georgia and Virginia: LEVERAGE HR Solutions. This comprehensive HR solution is designed to simplify human resource management, enabling credit unions to focus on their core missions while ensuring efficient operations.

Key features of LEVERAGE HR Solutions include:

• • Seamless Payroll Processing – Accurate timely payroll through Paylocity Human Resource Information System, reducing errors and administrative workload.
• • Cost-Effective Employee Benefits – Access to health, dental, vision, life insurance, short-term and long-term disability, and more at exclusive group rates.
• • Regulatory Compliance and Risk Management – Guidance on HR laws, reducing liability and keeping your organization protected.
• • Full-Service HR Support – Assistance with onboarding, tax compliance, and day-to-day HR needs to improve operational efficiency.

This service is designed to save time, reduce costs, and enhance employee satisfaction, all while ensuring your organization remains compliant and competitive. LEVERAGE is excited to bring you this new service to support you with your HR needs.

To learn more about how LEVERAGE HR Solutions can directly support your team, please contact David Bowman at (850)-558-1074 or email people-culture@the-league.coop.

June marks the start of hurricane season, making now an ideal time to review your disaster preparedness and business continuity plan. In the event of a service disruption, shared branching proves to be a crucial resource.

If you're not currently part of the shared branching network, consider how it could strengthen your business continuity planning. For those already participating, ensure that shared branching resources are integrated into your plan.

Take a moment to review your business continuity and disaster recovery plans and confirm that CO-OP Shared Branching is included as a transaction alternative for your members.

Ensure your plan includes access to the CO-OP Shared Branch locator:

• • The app is available in the Apple App Store and Google Play as "CO-OP Locator."
• • Access the locator map at CO-OP Locator.
• • Members can call 888-SITE-COOP (888-748-3266) for shared branch information or text your zip code to 91989.

In the event of a natural disaster or emergency, reach out to Shared Cooperative Services (SCS) for support at support@myscservices.com.

Take advantage of the free marketing resources in the Shared Cooperative Services Marketing Portal at www.sharedcooperativeservices.com to highlight the benefits of shared branching to your members.

For additional information, visit the portal or reach out to your League Consultant at consult@myleverage.com.

Mid-Year Financial Check-In: Why Credit Unions Should Partner with LendKey

As we reach the year's halfway point, June provides an ideal opportunity for credit unions to assess if there are additional ways to meet members' needs. Partnering with LendKey can enhance offerings and give members valuable financial products as we move into the year's second half.

LendKey empowers credit unions to provide competitive loan products to engage members while providing low-cost, efficient borrowing options to diversify credit union portfolios and improve member satisfaction.

LendKey's network lending solutions include:

• • Student Loan Refinancing: Helps members reduce student loan payments and provides an opportunity for credit unions to attract younger, creditworthy borrowers at the beginning of their financial journey.
• • Home Improvement Loans: Provide a unique opportunity for credit unions to tap into a nationwide network of vetted contractors driving volume at the point of sale.
• • Private Student Loans: Offers a crucial product with the potential for long-term relationships and increased member loyalty at a time when more and more students and families need private financing to help with higher education costs.

By leveraging LendKey's platform, credit unions can provide valuable solutions to meet members' needs, with the added benefit of streamlined operations, risk mitigation, and compliance support. These offerings also allow credit unions to enhance revenue streams and strengthen relationships without additional resources.

This June, take a moment to assess how LendKey's solutions can help your credit union. Visit https://myleverage.com/solutions/lendkey.php or contact League Consultant at consult@myleverage.com for more information.

Save the date for the TruStage™ Ventures Fintech Forum webinar on August 6, from 1:00 – 2:00 p.m. CT. This webinar offers an excellent opportunity to connect with fintech leaders and gain valuable insights into the trends shaping the future of financial services and technology solutions.

What to Expect:

• • Priority access to demos and pilot opportunities.
• • Networking with industry peers, fintech founders, and key players.
• • Resources to help build fintech partnerships.

Stay tuned for more event details and registration information. This is an event you won’t want to miss!

Register Today!