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Articles Tagged with 'loans'
Lender Pleads Guilty in $80 Million Ponzi Scheme
September 22, 2010
A 40-year-old Lakeville, Minn., man pleaded guilty in federal court to operating a Ponzi scheme that defrauded at least 17 lenders out of $79 million.
Rates & Ratios: CU Loans Stagnate
September 03, 2010
Fixed-rate mortgages led loan growth, increasing 0.8%, according to CUNA's economics and statistics department.
Six Guidelines for Building Strong CUSO/CU Partnerships
August 16, 2010
Finding a credit union service organization (CUSO) to fit your credit union's lending needs is like finding comfortable footwear.
Fed Releases Beige Book Data
August 10, 2010
Reports on banking conditions were largely mixed across the districts.
Loan Servicing: Parting is Such Sweet Sorrow
August 05, 2010
Servicing your mortgages allows you to retain members for the life of their loans and to maintain the level of service and community spirit that keeps them coming back.
Rates & Ratios: CUs Report Lending Uptick
August 02, 2010
Credit union loans outstanding grew 0.3% during June, according to CUNA's economics and statistics department.
August 01, 2010
CUs' targeted, relationship-based marketing campaigns are bearing fruit.
An Opportunity Like This Comes Once in a Lifetime
July 23, 2010
Loans Aid Flood-Affected Members
July 14, 2010
When 17 to 20 inches of rain pounded Nashville during the first weekend of May, Michael Bittle knew staff of Vanderbilt University Employees Credit Union would have to hit the ground running the following Monday to help members.
Rates & Ratios: Mortgages Lead Loan Growth
July 06, 2010
Credit union loans outstanding increased 0.1% during May 2010, compared to a decrease of 0.1% during April 2010, according to CUNA's economics and statistics department.
Credit Union Magazine
August 2014 digital edition
Guide Members to Financial Health
Defining the Social Media ROI Debate
You Can't Freeze Out CU Folks From a Good Fundraiser
Synergy Separates Great Boards from Good Boards
Transforming the Branch Manager
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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