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Articles Tagged with 'credit'
Four Simple Rules for Balance Sheet Management
July 16, 2012
Large balances sitting in Fed funds have amounted to a painful and mistaken bet on rising interest rates.
Technology for What Purpose?
July 13, 2012
When a CU considers automation it should ask how it will help the average person.
Credit Cards: Learn From the Best-Run Programs
July 11, 2012
CUs can improve their card programs by boosting efficiency, improving marketing, and avoiding common mistakes.
Why Do CUs Offer Green Loans?
July 10, 2012
The decision to finance green initiatives involves the convergence of several factors, says a Filene report.
Some CU Lenders Thrived During Recession
July 05, 2012
How did some CUs grow their loan portfolios during the Great Recession while others floundered?
Rates & Ratios: CUs Report Uptick in Loans
July 03, 2012
Credit union savings balances grew 0.2% in May compared to a 0.6% decrease in April.
CUs Growing Green
July 01, 2012
Green lending is relatively new at credit unions, and data about it is limited.
CUs Help Build Better Lives in Rural Ethiopia
July 01, 2012
The future of this African country is looking brighter thanks to help from the credit union movement.
A Pause or a Reversal?
July 01, 2012
There is concern that the economy will stall in mid-2012 as it did the previous two years, at least in terms of job growth.
Tower Classic Golf Tournament Raises $28,000
June 29, 2012
The tournament has evolved from a casual social outing to a major fundraising event.
Credit Union Magazine
September 2014 digital edition
Membership Growth Strategies
Attention CU Bean Counters: Employee Happiness Adds Up
Q&A: How Technology Shapes CU Branch Design
Money Machine Grabs Shoppers' Attention
Four ‘Must Haves’ for Mobile Pay Technology
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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