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Articles Tagged with 'stabilization'
Earnings Back to ‘Normal’ Range
March 07, 2013
Average net income for credit unions in 2012 will be about 90 basis points of average assets.
Corporate CU Assessments Handcuff Growth, Prompt Cutbacks
March 03, 2013
CU executives hope NCUA Corporate Stabilization Fund assessments will help keep the CU movement healthy in the long term.
CUs Worldwide Share Common Operating and Member-Service Challenges
October 01, 2012
Since the global financial crisis and worldwide recession, CUs everywhere face similar issues.
NCUA to Allow Voluntary Prepayments of Stabilization Fund Assessments
June 29, 2011
CUs must commit to $500 million in prepayments by August 9 for the program to move forward.
NCUA May Allow Voluntary Prepayment of Corporate Assessments
May 19, 2011
If all eligible CUs participate to the maximum extent permitted, the 2011 assessment to all CUs could be around 10 bp instead of 25 bp.
Assessments Less Onerous for CUs Than Banks
November 30, 2010
NCUA assessments are expected to total 90 bp of insured shares by 2021 vs. 144 bp for banks, a CUNA white paper reports.
A Tale of Two Insurance Funds: NCUSIF vs. FDIC
October 14, 2010
There's a good chance the ultimate remaining cost will be closer to $5 billion than $8 billion, although this won’t be known until late in the remaining 11-year life of the stabilization program.
Forecasting the 2010 NCUSIF Premium
August 01, 2010
The premium, assessed later this year, likely will be 6 bp to 10 bp.
Credit Union Magazine
March 2014 digital edition
A New Payments Paradigm
Prepare for the End of Gridlock
Solving the Fannie and Freddie Puzzle
Involve Members in Unite for Good
Enhance Members’ Cross-Channel Experience
This is a great list, but falls short. Consider the myriad of other risks that can bring the credit union to its knees: Technology risks including viruses, trojans, data breaches and other forms of security compromises. People risks, including disgruntled employees, social engineering attempts, social unrest, prison breakout, social media entries that also affect the mentioned reputational risk. Environmental risks, which could include derailed or overturned chemical tankers,blizzards, hurricanes, tornados, sink holes (save the Corvettes!), earthquakes, mudslides, forest fires. Leaders always need to be asking themselves, "What could stop us from performing our mission?" A solid crisis management organization, coupled with a realistic, exercised business continuity plan is vital to ensure continued operations.
Cash America self reported the Ohio collections robo signing incident which was a violation of company policy. An outside investigation was conducted and findings were reported to the state and CFPB. Customers were refunded money due the company before any federal or state action was announced.
This important article managed to engage & inform in a few short minutes. Kudos, CU Magazine!
This is such a great example of credit unions giving back. The key with Complex Community is that they don't just do these acts of kindness just to do them. They are a part of their culture (as you noted). Before starting a similar program, other credit unions should do a deep dive into their culture and then match their program to who they are.
This article is spot-on regarding engagement. In fact, many credit unions need to replace their sales training with member engagement training. Your members don't want to be sold to--they want to be engaged with. Likewise, your front-line staff are not sales people--they are educators.
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Say: Who should be Credit Union Magazine's 2014 CU Hero of the Year?
William Armstrong, Northeast Community CU
Dan Morrisey, Queen of Peace Arlington FCU
William Rissel, Fort Knox FCU
Joni Senkpeil, Illinois CU System
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