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Articles Tagged with 'lending'
Invest in Your Education This Year
February 01, 2013
A wide range of conferences, schools and institutes for CU professionals are available.
Loans Are the Best Investment
January 31, 2013
Series of new loan products helps Cooperative Center FCU recover from the recession and deliver on its business objectives.
Worldwide Membership Creates Unique Lending Challenges
January 25, 2013
‘Each country is scored by risk and delinquency experience, and the macro-economic outlook.’
Proactive Lenders Succeed Even in Tough Times
January 22, 2013
Passive lenders simply wait for tough times to pass when the economy or other events cause lending to lag.
Three Steps for MBL Success
January 09, 2013
Find the right people, forge strong member relationships—and be safe.
CUs Looking for Lending Uptick in 2013
January 06, 2013
Credit unions expect modest loan growth this year as the economy improves.
Fair Lending Will Heat Up Again in 2013
January 01, 2013
Here’s why you can expect fair lending compliance to heat up this year.
Shift to Mobile Requires New Approach to Lending
December 28, 2012
More consumers are defined by their connectivity, which changes how they transact financial business.
Innovative CUs Draw Up New Lending Approaches
December 27, 2012
Lending innovators spot—and act on—opportunities to make loans and boost the bottom line.
Lending Opportunities in an Uncertain Economy
December 22, 2012
CUs see loan growth by revamping delivery, pricing, or types of loans.
Credit Union Magazine
March 2014 digital edition
Opening Scenes From MBD14
CUNA MBD14 Underway
More Scenes From MBD14
At Freedom First CU, People 'Bank for Good'
Many Consumers Burdened by 'Debito'
Walt: Thank you for your entry encouraging credit unions to “get in the(mobile) game.” CO-OP Financial Services could not agree more. Every market study is arriving at the same finding – U.S. consumers are conducting financial transactions using their mobile phones. Even more importantly, younger adults – a prime target for new members – say that they can't imagine life without their mobile devices. Credit unions have a tremendous opportunity to attract and retain members with mobile services, and there is equal risk in not doing so. Caroline Willard, EVP, CO-OP Financial Services.
The biggest risk for credit unions today is simply doing nothing. Allowing members to find third parties for wallet solutions welcomes the risk of disintermediation. The CU then becomes a transaction processing commodity.
Mobile banking has come a long way. But I have to wonder why credit unions are not using their mobile platform for marketing purposes? I've asked many of my clients this question and the answer I hear most often is that their mobile platform provider hasn't developed that functionality yet. Are we missing BIG opportunities here?
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.
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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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