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Articles Tagged with 'lending'
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.
Consistency is Crucial in Member Interactions
February 14, 2012
CU’s success is rooted in efforts to gain market share, build member awareness, and implement branding consistency.
CU Boosts Business Lending as Banks Retreat
February 06, 2012
CU targets young enterprises and established ventures with new owners.
Credit Union Magazine
July 2014 digital edition
Slide Show: The Daily Duties of a Home-Based CU Manager
Regulators Focus on Interest-Rate Risk
Where Does it All Go?
A Social Media ROI Success Story
Happy 25th Birthday, Filene!
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
I would respectfully disagree that transactional data is a good place to start. In my opinion, relationship data is a much better starting point. Transactional data tends to require more "mining" of thousands/millions of transactions to identify opportunities or threats. Relationship data, however, involves identifying and profiling your high-value relationships (those profitable relationships with multiple products/services, for example) and leveraging that information to attract/cross-sell similar members. Generally involves a bit less effort and quite a bit higher return.
Congratulations on a fine article. Perhaps the best advise is unsaid but exemplified throughout the article - namely avoiding the use of the term "Financial Literacy." The term is insulting and counterproductive because it implies that those who take the training are "Illiterate."
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