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member advisory councils
ncua enterprise risk management letter
Articles Tagged with 'loan'
Members’ Balance Sheets on the Mend
September 05, 2014
CUs play a key role in advising members on how to navigate their financial difficulties.
How Mortgage Referrals Can Go Wrong
May 27, 2014
Help front-line staff avoid compliance pitfalls when making referrals to mortgage loan originators.
Develop a Mobile-First Mindset
May 13, 2014
‘Get on the bandwagon with mobile optimization.’
Student Loan Debt Inhibits American Dream for Many
May 12, 2014
Student debt prevents many young adults from achieving financial goals, such as buying homes.
A Pillar of Wisdom and Knowledge
April 01, 2014
‘We constructively work with members toward good solutions.’
A Tale of Two Movements
February 04, 2014
As a group, small CUs face shrinking membership and loan growth.
Seeking a CPI Vendor? Ask the Right Questions
January 17, 2014
Confirm how members’ information will be used and protected.
MyCUmortgage Honors Top Mortgage Lenders
January 14, 2014
Winners recognized for their outstanding results in helping members buy homes.
Top 10 Stories of 2013
January 08, 2014
Strategic planning, lending challenges among top issues facing CUs.
CFPB’s Mortgage Servicing Requirements
December 31, 2013
Final rule covers periodic statement requirements, interest-rate adjustments, and more.
Credit Union Magazine
September 2014 digital edition
Membership Growth Strategies
Q&A: How Technology Shapes CU Branch Design
Q&A: Staff Functionality Dictates Modern Branch Design
Four ‘Must Haves’ for Mobile Pay Technology
Money Machine Grabs Shoppers' Attention
While I thought that the premise of the article was good, I found one point very disturbing. It is that the Visions FCU ages people off their board at age 70. I found that really offensive. It perpetuates what I believe to be the regrettable marginalization of elders in our society, and the often erroneous assumption of debility and decline after a certain chronological age. Lots of folks over 70 are leading dynamic and viable professional lives and contributing to our society. How about Warren Buffet, a number of Supreme Court Justices, Jimmy Carter, the late Nelson Mandela and the late Maya Angelou, to name but a few, along with scads of writers, academics, performers, artists, and often our friends, neighbors and colleagues. If Visions wants new people on their board, it seems as though the term limitations and a nominating committee can accomplish that without aging all people off at age 70. I think that’s so insulting. And if those were paid employment, it would be illegal. I do wish you’d have picked a different credit union to profile---one that perhaps does many of the same things, without the arbitrary age exclusion. There have to be others out there.
David, good point about the "recovering comfortably" comment. That was an editorial addition--which I'll remove.
Many good points but too rosy? Will the "Federal Reserve raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time” ? I have heard from other economist that the US government will go bankrupt if that happens due to the QE the fed has done for several years. Also it seems an exaggeration to say “We survived a heart attack,now the economy is recovering comfortably." Comfortably recovering is too ignore the economic stress that many members still live with daily that will eventually affect many credit unions.
Karan, Great article and insight. I would also recommend that you start getting those credit cards into the hands of the youth BEFORE they are in college. One of the best ways to reach this young generation is through mom and dad. Before the student goes to college, get them started with a credit card (even if mom and dad are joint on it). It's never too early to start marketing credit cards. Mark
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