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Articles Tagged with 'lending'
Three Top Compliance Challenges
April 14, 2012
Increased emphasis on these issues will require CUs to re-examine their processes, disclosures, and training.
How to Get Started in Lifestyle Lending
April 13, 2012
Lifestyle loans support local retailers, medical providers, and businesses by providing financing to their patients and customers.
How to be Heard on the Hill
April 01, 2012
The energy level on Capitol Hill is like an 'emergency room,' making it hard to get messages across.
Exam Time? Announce Your Presence with Authority
March 30, 2012
Develop a good working relationship with your examiner—but make it clear you have a well-thought-out business plan.
CUs on the Rise
March 20, 2012
An impressive 80% of consumers put CUs in a favorable light, a CUNA voter survey shows.
CU Small Biz Lending Bill is 'Talk of the Town'
March 20, 2012
Legislator encourages CUs to call on representatives to support member-business lending bill.
It’s Time for Congress to Act
March 19, 2012
The GAC's date change is perfectly timed to encourage congressional action.
CU Hits a Mortgage Home Run
March 01, 2012
Roughly 90% of those who refinanced through the program were new members with an average loan-to-value of 45% and credit scores in the high 700s.
C-O-M-P-L-I-A-N-C-E By The Letters
March 01, 2012
Google the word “compliance” and you get about 362 million results, which seems like the number of regulations credit unions are expected to comply with today.
Beyond the Score
February 20, 2012
Hopefully it’s OK to say that the worst of the recession is behind us. At least, that’s what all the data and experts keep telling us.
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.
Tweets by @cumagazine
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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