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Articles Tagged with 'regulations'
How Mortgage Referrals Can Go Wrong
May 27, 2014
Help front-line staff avoid compliance pitfalls when making referrals to mortgage loan originators.
Thrivent Federal Credit Union Comes Full Circle
March 26, 2014
The bank that became a CU actually had its origins in the movement.
Consumer Booklets on Mortgage Lending Rules Available
March 01, 2014
The CFPB updated three publications in January to reflect the agency’s new mortgage lending rule.
What to Expect from the Consumer Financial Protection Bureau this Year
March 01, 2014
Based on the agency’s semiannual rulemaking agenda, here's a snapshot of what to expect in months ahead.
CFPB’s Exam Procedures Are Valuable Tools
August 18, 2013
Review them to survive the tidal wave of new regulations and bolster your compliance efforts.
More Members, Regs, and a Future Focus
July 01, 2013
CUs are the model of the future.
Get Comfortable with Constantly Changing Regulations
June 18, 2013
Like death and taxes, the growing volume of complex regulations is inevitable.
Regulations We’d Rather Not See
April 07, 2013
These are the regulations that make credit union CEOs as neurotic as hypercaffeinated squirrels.
Compliance Specialist Program has ‘Truly Been a Godsend’
April 03, 2013
Program saves CUs money while providing much-needed stability.
Tough Times Are Opportunistic Times
April 01, 2013
Members are the best weapon against recessions, burdensome regulations, and a stalled Congress.
Credit Union Magazine
August 2014 digital edition
Beware of Casual Conversation with Members
Tech Budgets Are Going Mobile
Leadership Q&A: Brandon Michaels
Guard Against Employment Practices Liability Claims
Soak up the Sun, Sing in the Rain
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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