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Articles Tagged with 'loan'
CFPB Considers Mortgage Origination Rules
July 01, 2012
The CFPB plans to publish a Notice of Proposed Rulemaking this summer, and a formal comment period will follow. Expect final rules by January 2013.
Important Topics for CU Strategic Planning
June 08, 2012
Lending will continue to be a struggle, but loans are on the uptick for most CUs.
Auto Loan Delinquencies Hit All-Time Low
May 24, 2012
Improvement attributed to growing demand for both new and used vehicles, and higher used vehicle values.
Exam Time? Announce Your Presence with Authority
March 30, 2012
Develop a good working relationship with your examiner—but make it clear you have a well-thought-out business plan.
Free SWAG for Youth Saving Challenge Participants
February 24, 2012
In 2011, 300 participating CUs brought in $28.5 million in youth deposits and opened 9,000 new youth accounts.
Collections: Use What You Learn
February 20, 2012
Information gleaned during collection efforts can help CUs develop the right repayment plan.
‘Yes’ Approach Leads to More Loans
January 26, 2012
CU introduced loans that are small in size but helped a lot of people.
To Spur Loan Growth, Learn From the Past
January 24, 2012
There’s an upside to the economic down cycle: A wealth of information on bad accounts.
Mobile Lending Sparks Youth Movement
January 17, 2012
CUs that want to attract younger members must pay attention to the technology those members prefer. Increasingly, that’s the mobile channel.
Member Databases a ‘Gold Mine’
December 19, 2011
Too many CUs either fail to segment or use obsolete segmentation schemes.
Credit Union Magazine
March 2014 digital edition
A New Payments Paradigm
Prepare for the End of Gridlock
Solving the Fannie and Freddie Puzzle
Involve Members in Unite for Good
Enhance Members’ Cross-Channel Experience
This is a great list, but falls short. Consider the myriad of other risks that can bring the credit union to its knees: Technology risks including viruses, trojans, data breaches and other forms of security compromises. People risks, including disgruntled employees, social engineering attempts, social unrest, prison breakout, social media entries that also affect the mentioned reputational risk. Environmental risks, which could include derailed or overturned chemical tankers,blizzards, hurricanes, tornados, sink holes (save the Corvettes!), earthquakes, mudslides, forest fires. Leaders always need to be asking themselves, "What could stop us from performing our mission?" A solid crisis management organization, coupled with a realistic, exercised business continuity plan is vital to ensure continued operations.
Cash America self reported the Ohio collections robo signing incident which was a violation of company policy. An outside investigation was conducted and findings were reported to the state and CFPB. Customers were refunded money due the company before any federal or state action was announced.
This important article managed to engage & inform in a few short minutes. Kudos, CU Magazine!
This is such a great example of credit unions giving back. The key with Complex Community is that they don't just do these acts of kindness just to do them. They are a part of their culture (as you noted). Before starting a similar program, other credit unions should do a deep dive into their culture and then match their program to who they are.
This article is spot-on regarding engagement. In fact, many credit unions need to replace their sales training with member engagement training. Your members don't want to be sold to--they want to be engaged with. Likewise, your front-line staff are not sales people--they are educators.
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Say: Who should be Credit Union Magazine's 2014 CU Hero of the Year?
William Armstrong, Northeast Community CU
Dan Morrisey, Queen of Peace Arlington FCU
William Rissel, Fort Knox FCU
Joni Senkpeil, Illinois CU System
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