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Articles Tagged with 'debt'
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.
Collections: Use What You Learn
February 20, 2012
Information gleaned during collection efforts can help CUs develop the right repayment plan.
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.
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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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