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Articles Tagged with 'risk'
CU Boosts Business Lending as Banks Retreat
February 06, 2012
CU targets young enterprises and established ventures with new owners.
Four Top Fraud Threats—and How to Fight Them
January 30, 2012
Deploy fraud awareness and prevention programs across every department.
Maximize Existing Relationships with Cross-Selling
January 24, 2012
Identify current members’ needs and match them to individual credit risk and affordability measures.
Matz: NCUA Exams Will Focus on Lending Risks
January 10, 2012
Continued high unemployment and low real estate values will put pressure on CU loan portfolios.
Risk Averse in a Bathing Suit
January 02, 2012
Are your practices “tried and true” or “tried and tired?”
The First Hurdle: Learn the Lingo
December 22, 2011
One of the most difficult aspects of the risk management process is learning the lingo.
Four Steps to Robust Risk Assessment
December 09, 2011
Assessments should address what can go wrong, how, and the potential impact.
Risk Oversight Is Top Board Priority
November 11, 2011
CU boards are under increasing pressure to practice effective risk oversight, says CUNA Mutual Group's Joette Colletts.
Re-Evaluate Authentication Systems
September 01, 2011
This summer the Federal Financial Institutions Examination Council (FFIEC) agencies issued a supplement to their 2005 guidance (“Authentication in an Internet Banking Environment”).
Best Practices in Device and Identity Verification
August 11, 2011
CUs should move to more complex device identification and out-of-wallet verification procedures to reduce fraud.
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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