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Articles Tagged with 'loan'
Improve Sales Culture to Boost Lending
November 17, 2012
CUs have retooled to help staff recognize and act on lending opportunities that also benefit members.
Six CUs Honored for Lending Excellence
November 08, 2012
Dan Murray, vice president, lending, CUNA Mutual Group, presented the 13th annual awards.
Lending and the Economy: Right Direction, Wrong Speed
November 08, 2012
Pent-up demand, recovering housing market bode well for auto loans and mortgages.
2013 Lending Outlook
November 01, 2012
The threat of a fiscal cliff brings continued uncertainty for business and consumer lending.
Optimism Rising for Auto and Housing Sectors
October 18, 2012
'We’ve changed who we are as credit unions in terms of our balance sheets,' says CUNA Chief Economist Bill Hampel.
Emerging Trends in Risk Rating Models
October 01, 2012
Traditional risk rating models for commercial loans don’t provide the insight needed to succeed today.
Auto Loan Delinquencies Fall to All-Time Lows
September 12, 2012
Asset quality remains high despite increases in nonprime auto loans.
Commercial Lending: Get Past ‘No’
September 01, 2012
There are many reasons a loan committee may decline a commercial loan deal.
CUs Always Will Be the Smarter Choice
September 01, 2012
It seems there’s a new regulation, technology, product, or competitor every week.
Students Assume Greater Share of College Costs
August 24, 2012
Lack of understanding about private student loans can lead to serious financial problems after graduation.
Credit Union Magazine
July 2014 digital edition
Slide Show: The Daily Duties of a Home-Based CU Manager
Regulators Focus on Interest-Rate Risk
Five Cyber Security Considerations for CUs
Advocacy Puts Board Members on Offense
Win Employee Love: Four Steps
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
I would respectfully disagree that transactional data is a good place to start. In my opinion, relationship data is a much better starting point. Transactional data tends to require more "mining" of thousands/millions of transactions to identify opportunities or threats. Relationship data, however, involves identifying and profiling your high-value relationships (those profitable relationships with multiple products/services, for example) and leveraging that information to attract/cross-sell similar members. Generally involves a bit less effort and quite a bit higher return.
Congratulations on a fine article. Perhaps the best advise is unsaid but exemplified throughout the article - namely avoiding the use of the term "Financial Literacy." The term is insulting and counterproductive because it implies that those who take the training are "Illiterate."
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