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Articles Tagged with 'social'
Stuck at '12:00?'
December 27, 2010
Participating in social media is risky but necessary.
Social Media: Show Me the Money
November 01, 2010
Forty-nine percent of companies believe social media is a promising tactic that will eventually produce return on investment.
CUs Win Top Council Awards
November 01, 2010
Councils honor innovation; small businesses and social media marketing; and inside the world of Zappos.
Combat Social Engineering: Don’t Be the Weakest Link
September 16, 2010
Social engineering tactics exploit the fundamentals of human nature.
A Chemical Reason for Social Networks' Popularity?
July 14, 2010
When people interact on social networks, their brains release the chemical oxytocin, the same chemical that's released when people experience acts of trust, loyalty, or generosity. This shows how people are wired to interact with others.
Eight Marketing Changes You Can't Ignore
June 29, 2010
Overwhelmed by new marketing channels? These eight assertions will help you put larger marketing trends into context.
'Traditional Marketing is Dead'
April 27, 2009
Forget direct mail, television advertising, and other mass media marketing, advises consultant Denise Wymore.
Credit Union Magazine
March 2014 digital edition
Opening Scenes From MBD14
CUNA MBD14 Underway
More Scenes From MBD14
At Freedom First CU, People 'Bank for Good'
Walt: Thank you for your entry encouraging credit unions to “get in the(mobile) game.” CO-OP Financial Services could not agree more. Every market study is arriving at the same finding – U.S. consumers are conducting financial transactions using their mobile phones. Even more importantly, younger adults – a prime target for new members – say that they can't imagine life without their mobile devices. Credit unions have a tremendous opportunity to attract and retain members with mobile services, and there is equal risk in not doing so. Caroline Willard, EVP, CO-OP Financial Services.
The biggest risk for credit unions today is simply doing nothing. Allowing members to find third parties for wallet solutions welcomes the risk of disintermediation. The CU then becomes a transaction processing commodity.
Mobile banking has come a long way. But I have to wonder why credit unions are not using their mobile platform for marketing purposes? I've asked many of my clients this question and the answer I hear most often is that their mobile platform provider hasn't developed that functionality yet. Are we missing BIG opportunities here?
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.
Tweets by @cumagazine
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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