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Articles Tagged with 'student'
Student Loan Debt Inhibits American Dream for Many
May 12, 2014
Student debt prevents many young adults from achieving financial goals, such as buying homes.
Responsible Approach Leads to Student Loan Success
February 13, 2014
Members are going someplace for student loans—why not your CU?
Student Loans: ‘What Are You Waiting For?’
November 14, 2013
Consolidating student loans can help both CUs and borrowers, but make sure members know what they may be giving up.
Student Loan Debt May Slow Home Buying
September 09, 2013
Consumers with student loan debt tend to have lower credit scores than those without.
August 12, 2013
Rising student loan debt hinders consumers’ ability to take out mortgages.
Confusion Reigns Over Student Loan Costs
May 26, 2013
Half of high school seniors don’t understand the cost and terms of student loans.
High School CU Branch Provides ‘Hands-On, Real-Life’ Financial Education
April 23, 2013
High school branch reflects a nationwide trend by CUs to provide teens on-site access to financial education and services.
One of Five Households Has Student Loan Debt
April 08, 2013
Average outstanding student loan balance approaching $30,000.
Student Loans Show Potential
January 01, 2013
Student loans offer opportunities for income and provide an affordable way for members to send their children to college.
CUs Missing Out on Student Loan Opportunity
November 12, 2012
Why do less than 0.5% of CUs offer private student loans?
Credit Union Magazine
August 2014 digital edition
To Add Members, Think ‘Bold’ and ‘Local’
HELOC ‘End of Draw’ Periods Could Create ‘Financial Shock’ for Consumers
Know the Signs of Workplace Fraud
CUs Plan Hiring, Pay Increases
Guard Against Employment Practices Liability Claims
While I thought that the premise of the article was good, I found one point very disturbing. It is that the Visions FCU ages people off their board at age 70. I found that really offensive. It perpetuates what I believe to be the regrettable marginalization of elders in our society, and the often erroneous assumption of debility and decline after a certain chronological age. Lots of folks over 70 are leading dynamic and viable professional lives and contributing to our society. How about Warren Buffet, a number of Supreme Court Justices, Jimmy Carter, the late Nelson Mandela and the late Maya Angelou, to name but a few, along with scads of writers, academics, performers, artists, and often our friends, neighbors and colleagues. If Visions wants new people on their board, it seems as though the term limitations and a nominating committee can accomplish that without aging all people off at age 70. I think that’s so insulting. And if those were paid employment, it would be illegal. I do wish you’d have picked a different credit union to profile---one that perhaps does many of the same things, without the arbitrary age exclusion. There have to be others out there.
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
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