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Articles Tagged with 'consumers'
Ups and Downs in Homeownership
August 18, 2014
Lenders, feeling constrained by costs and regulations, may be applying more conservative lending standards.
Rewards Keep CU Cards ‘Top of Wallet’
August 06, 2014
Rewards programs are the top driver of which credit card tops a wallet.
Where Does it All Go?
August 05, 2014
Help members find opportunities to learn, save, and invest.
Soak up the Sun, Sing in the Rain
July 28, 2014
Roughly one-fourth of consumers have no rainy-day fund.
Tool Kit Provides a Blueprint for Success
July 01, 2014
The Unite for Good campaign has propelled the movement toward achieving its shared strategic vision: Americans choose credit unions as their best financial partner.
Be Ready For The Next Thing
July 01, 2014
Encourage members to use CU cards in digital wallets.
Digital Disruption: Bust or Blockbuster?
May 13, 2014
The digital transformation is changing how financial institutions interact and serve consumers.
High Interest, Low Activity in Mobile Payments
May 12, 2014
‘Consumers need to be given an incentive to use mobile payments.’
Many Consumers Burdened by 'Debito'
March 10, 2014
Americans owe $856.9 billion on their credit cards, the third-largest source of household debt.
A Wealth of Opportunity
January 21, 2014
Members need CUs’ help to find sweet success in retirement.
Credit Union Magazine
August 2014 digital edition
Guide Members to Financial Health
CUNA Economist Gives ‘Rosiest’ Forecast in Seven Years
Defining the Social Media ROI Debate
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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