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Articles Tagged with 'servicing'

Loan Servicing: Parting is Such Sweet Sorrow

August 05, 2010
Servicing your mortgages allows you to retain members for the life of their loans and to maintain the level of service and community spirit that keeps them coming back. READ MORE

Grow Your CU with Mortgage Servicing

December 01, 2010
Don't discard member relationships by outsourcing your CU's mortgage servicing. READ MORE

Beware Mortgage Servicing Rule Pollyanna

March 22, 2013
Collective sigh of relief over small servicer exemption is premature. READ MORE
June 13 Cover

Credit Union Magazine

• June digital edition

June 2013

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Recent Discussion

We utilized this product for a few months right now, but it doesn't seem to have much value in comparison to our other online tools. Good concept, works well. It just seems that our membership is not interested.

You make a good point, Wally. I should have caught that one. I'll take that out tidbit.

According to the article, "Bankrate.com examined 56 high-yield checking accounts...and found the average annual percentage yield (APY) to be 1.64%—nearly 33% higher than the average interest-bearing checking account (0.05%)." By a show of hands, who thinks a 1.64% APY is only roughly 33% higher than a 0.05% APY? Hmmm...

Steve, As always, the E-Scan provides key strategic insights for credit unions to consider. When it comes to reaching Generation Y (trend number 10), one of the best things credit unions can do is to target mom and dad. Research indicates that most young people start their first "bank" experience where their parents recommend. So to reach Gen. Y, go after mom and dad. Mark

Ed, this is correct: 100% is a 1-to-1 relationship, not 1%, which is a 1 to 100 relationship.

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