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Articles Tagged with 'loans'
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.
CU Sees Rise of Asian Americans
August 10, 2012
Asian Americans are the nation’s highest-income, best-educated racial group, research center reports.
Keep Up With Gen Y Trends
August 08, 2012
Gen Y can be a lucrative market in ways previous generations weren’t.
Librarian in a Hard Hat
August 01, 2012
This week’s Research Roundup examines student loans, a possible mortgage crisis for older Americans, and more.
Why Do CUs Offer Green Loans?
July 10, 2012
The decision to finance green initiatives involves the convergence of several factors, says a Filene report.
Rates & Ratios: CUs Report Uptick in Loans
July 03, 2012
Credit union savings balances grew 0.2% in May compared to a 0.6% decrease in April.
CUs Growing Green
July 01, 2012
Green lending is relatively new at credit unions, and data about it is limited.
Rates & Ratios: CU Savings Decline During April
June 10, 2012
CU loans outstanding grew 0.4% during April, led by adjustable-rate mortgages, unsecured personal loans, and used auto loans, according to CUNA’s economics and statistics department.
The Pros and Cons of Loan Automation
June 01, 2012
Retain the human touch, eliminate irregularities and improve loan efficiency.
Expect a Modest Lending Comeback
June 01, 2012
Credit unions can expect loans outstanding to grow, fueled by an improving economy, the resulting job growth, and rising consumer confidence.
Credit Union Magazine
July 2014 digital edition
Beware of Casual Conversation with Members
Rewards Keep CU Cards ‘Top of Wallet’
‘Always Know and Listen to Your Customers’
Guard Against Employment Practices Liability Claims
Leadership Q&A: Brandon Michaels
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
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.
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