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Articles Tagged with 'recession'
Policy Makers Worldwide See the Value of Cooperatives
October 01, 2012
What CUs do has changed considerably over the years—but why CUs do what they do remains unchanged.
Lean on Me
August 20, 2012
Do your members lean on you with their personal finance issues, financial literacy concerns, and other needs?
Risk Averse in a Bathing Suit
January 02, 2012
Are your practices “tried and true” or “tried and tired?”
Lenders Put the Brakes on Auto Loan Delinquencies
December 15, 2011
Auto loans have performed well since the start of 2010, and originations have increased significantly since second-quarter 2009.
The Wheels on the Bus Go ‘Round and ‘Round…
October 24, 2011
We’ll take a spin through more recession takeaways, fly over some employer trends, chug through some fraudulent facts, and cruise by the latest retail news...
Economic Woes Hinder Retirement
October 05, 2011
Survey shows nearly four in 10 workers plan to retire after age 70.
Higher Education, Income No Guarantee Against Bankruptcy
September 30, 2011
Institute for Financial Literacy releases annual consumer bankruptcy report... plus more research findings.
Pay Plans Still Sluggish
August 08, 2011
CUNA is releasing a number of salary surveys to help you keep up with compensation trends for all CU employees from tellers to CEOs.
Interest-Rate Risk Scenarios
June 14, 2011
Fed-funds futures trading shows signs of short-term interest-rate increases beginning later in 2011.
Life After Foreclosure
May 25, 2011
Consumers who defaulted only on their mortgages during the recession are far better credit risks on new loans than those who fell behind on multiple credit accounts.
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.
Tweets by @cumagazine
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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