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Articles Tagged with 'banking'

Business Services Offer Potential for Growth, Risk

June 22, 2011
Failure to adopt sound business banking practices and loss controls exposes CUs to significant losses. READ MORE

See the Sights from ACUC

June 22, 2011
Tuesday's highlights from the America's CU Conference. READ MORE

Spotlight: John Fiore

July 26, 2011
At Motorola Employees CU, mobile apps are on the fast track. READ MORE

Turn Nonmembers Into Members

August 10, 2011
As banks rebound, did CUs miss the perfect opportunity to grow marketshare? READ MORE

In Search of Gen Y

December 30, 2011
Attracting the next generation of members requires interacting on their terms and on their turf. READ MORE

Rethink Your Mobile Banking Risk

December 12, 2011
As with any service, CUs must balance risk with reward and conduct careful due diligence. READ MORE

Digital Shift Continues in Financial Services

February 28, 2012
Consumers are gravitating more toward online and mobile channels for daily financial management, and they’re showing a strong interest in tablet banking services. READ MORE

Improve Members’ Online Experience

May 14, 2012
Studies show about 50% of attempts to open accounts online fail. READ MORE

NIHFCU Launches Partnership With Biotechnology Association

May 24, 2012
CU has developed a range of products designed to specifically meet the demands of the healthcare and biomedical industry. READ MORE

Five Best Practices for Online Cross-Selling

June 21, 2012
“Members don’t want to click eight times to find what they want,” says Fiserv’s Geoff Knapp. 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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