NCUA Letter to Credit Unions - Wireless Technology

GuidanceNational Credit Union Administration (NCUA)Risk Management

The purpose of this letter is to provide important considerations for credit unions that are currently engaged in or may be considering the use of wireless technology.

Wireless technology can potentially provide important benefits for credit unions and their members. For some, this may be a cost-effective alternative for a credit union seeking to expand its existing hard-wired computer network. Additionally, it may enable a credit union to provide members with increased accessibility to its Internet-based financial service offerings.

However, those credit unions that have made a decision to implement wireless technology should also be aware of the potential increase in the amount of risk exposure for the credit union. Credit unions may be able to mitigate the following risk areas with proper planning and controls.

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