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Articles Tagged with 'risk'
Service vs. Security
September 21, 2013
Take steps to thwart criminals who exploit HELOCs and wire transfers.
Regulatory Compliance for Investments
July 31, 2013
CUNA expects NCUA to issue additional guidance on how to comply with its new investment rules.
Vendors Showcase Best Practices
July 10, 2013
Conference sessions highlight cutting-edge solutions.
Identify & Monitor Indirect Auto Lending Risks
May 20, 2013
A successful indirect auto lending program forecasts risk and monitors deviations from your CU's plan.
Be Prudent When Exercising Caution
May 10, 2013
Don’t be afraid to use analytics to help determine your value proposition.
Reduce The Risk of Workplace Violence
April 15, 2013
Prudent employers are evaluating the risk of violence in the workplace.
Extend Your View and Sharpen Your Focus
March 26, 2013
In the wake of the economic crisis, ERM receives a lot of attention—and for good reason.
ERM: A Measure of Certainty in Uncertain Times
March 06, 2013
Four pieces of armor will protect CUs: governance independence, analytics, board involvement, and reporting frequency.
More Regulatory Pressure in Store for CUs
March 01, 2013
Pay close attention to dotting regulatory i’s and crossing compliance t’s.
Identify the Signs of Financial Stress
January 04, 2013
CU's not doing credit risk management faces risks—either criticism from regulators or danger to the bottom line.
Credit Union Magazine
July 2014 digital edition
Slide Show: The Daily Duties of a Home-Based CU Manager
Regulators Focus on Interest-Rate Risk
Where Does it All Go?
A Social Media ROI Success Story
Happy 25th Birthday, Filene!
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.
Congratulations on a fine article. Perhaps the best advise is unsaid but exemplified throughout the article - namely avoiding the use of the term "Financial Literacy." The term is insulting and counterproductive because it implies that those who take the training are "Illiterate."
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