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Articles Tagged with 'loans'
Conditions Bode Well for Passing MBL Bill
May 18, 2011
Significant political differences increase the likelihood a member business lending bill will make it through Congress.
Reg Z Revisited, Again
May 18, 2011
Still more clarification is needed on the Fed's Reg Z changes.
Unsecured Loans Lead Overall Decline
April 05, 2011
Credit card, unsecured personal loans each declined 1.8% during February, leading to an overall loan decline of 0.4%.
Looking for a Lending Rebound
March 31, 2011
Take advantage of the few opportunities today's economy offers, including low rates and refinancing opportunities.
Financial Picture Brightens for CUs
March 15, 2011
CUs expand earnings and control delinquencies and charge-offs.
Rates & Ratios: CU Loans Continue Decline
March 04, 2011
CU loans outstanding decreased 0.7% during January 2011.
Build a Solid Mortgage Foundation
February 21, 2011
Vendors see mortgage opportunities for CUs--ones the big banks and mortgage brokers let slip away.
CU New Auto Loans Decline 1.8% During December
February 19, 2011
Also on the decline: ARMs and HELOCs.
Personal Loans Lead Growth During Tepid Lending Month
January 05, 2011
There weren't many lending bright spots for CUs overall in November, according to CUNA's economics and statistics department.
CU Develops Workplace-Based Payday Loan Alternative
December 20, 2010
NorthCountry FCU finds that reaching members of modest means requires moving beyond traditional lending methods.
Credit Union Magazine
September 2014 digital edition
Membership Growth Strategies
Attention CU Bean Counters: Employee Happiness Adds Up
Money Machine Grabs Shoppers' Attention
Four ‘Must Haves’ for Mobile Pay Technology
When Lightning Strikes
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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