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Articles Tagged with 'lending'
Embrace End-to-End E-Lending
February 01, 2011
Members, particularly young adults, will demand the ability to obtain loans without face-to-face interaction at any point in the transaction.
Extend Your Lending Reach
January 14, 2011
Erie Federal’s multi-faceted loan outreach efforts resulted in a 22.7% increase in loan volume during 2009.
Want More Business? Just Ask
January 10, 2011
Teaching employees how to ask members for business helped Oregon Community CU achieve nearly 9% loan growth during the first five months of 2010.
Ten Credit Card Predictions for 2011
January 04, 2011
In 2011, credit card issuers will find new ways to manage risks, add new accounts, and increase revenue while cardholders continue to pay down their balances.
CUNA Tools January 2011
January 01, 2011
Training opportunities come in a wide range of formats.
The Pros and Cons of Participation Loans
December 24, 2010
Tread cautiously into the potentially rewarding realm of loan participations.
Confusion Reigns Over Reg Z Changes
December 21, 2010
A rash of recent Regulation Z mortgage lending changes has heads spinning.
CU Develops Workplace-Based Payday Loan Alternative
December 20, 2010
NorthCountry FCU finds that reaching members of modest means requires moving beyond traditional lending methods.
CUNA Continues MBL Fight
December 02, 2010
CUs must continue to push senators to support MBL legislation, says CUNA President/CEO Bill Cheney.
Want to Boost Loans? Increase Member Loyalty
November 16, 2010
Member surveys help CUs measure member loyalty and develop strategies to build stronger member ties.
Credit Union Magazine
October 2014 digital edition
Apple Pay Will ‘Chew Into’ Interchange Revenue
CUNA Tech/OpSS Conference Concludes
Sievewright: Buckle In for a Transformative Decade
Three Components to Meaningful Conversations
Illuminate the Frequency of Fraud
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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