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Articles Tagged with 'debt'
Confusion Reigns Over Student Loan Costs
May 26, 2013
Half of high school seniors don’t understand the cost and terms of student loans.
A Source of Inspiration
April 22, 2013
‘Education brings about opportunity, and in turn inspiration.’
One of Five Households Has Student Loan Debt
April 08, 2013
Average outstanding student loan balance approaching $30,000.
Let's Shake On It
March 17, 2013
What message can CU staff send with a simple handshake?
Public National Debt Exceeds Bank Deposits
February 03, 2013
Public debt has grown 23% since 2010 vs. 13% for deposits.
Counseling Helps Keep Foreclosures at Bay
January 21, 2013
Mortgage defaults are expected to remain elevated until 2016.
Lending and the Economy: Right Direction, Wrong Speed
November 08, 2012
Pent-up demand, recovering housing market bode well for auto loans and mortgages.
Librarian in a Hard Hat
August 01, 2012
This week’s Research Roundup examines student loans, a possible mortgage crisis for older Americans, and more.
‘Lost Generation’ Faces New Obstacles
March 08, 2012
CUs can reach young adults by emphasizing their strengths: Financial stability and reasonable rates and fees.
The Generational Debt Gap
February 22, 2012
Study provides insights into the debts and credit scores of four key age groups.
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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