Learn about our iPad app
Forgot your password?
lora bray 2014
small business loans
auto lending weak economy
Articles Tagged with 'financial'
Columbia CU Makes Life Better Through Learning
March 16, 2012
'Members are amazed their CU would help them with their finances instead of trying to sell them a loan.'
Cooperative Financial Leadership in the Lone Star State
March 15, 2012
Texas Trust CU has earned a reputation as a dedicated community partner.
‘Lost Generation’ Faces New Obstacles
March 08, 2012
CUs can reach young adults by emphasizing their strengths: Financial stability and reasonable rates and fees.
Boulder Valley CU Wins Lifetime Achievement Award
March 06, 2012
The award recognizes Boulder Valley CU’s philosophical commitment to supplementing classroom education with hands-on learning.
Financial Services Undergoing ‘Secular Shift’
March 01, 2012
The financial services industry is transitioning from a high-margin business to a low-margin undertaking.
Digital Shift Continues in Financial Services
February 28, 2012
Consumers are gravitating more toward online and mobile channels for daily financial management, and they’re showing a strong interest in tablet banking services.
The True Cost of Poor Workforce Utilization
February 10, 2012
Relying too heavily on tellers to perform administrative tasks can reduce their productivity in other important measures.
The Trainer’s Call
February 09, 2012
Motivation, inspiration, and energy are the wellsprings of motivation for the CU training professional.
Eight CUs Will Introduce Coopera Card
February 02, 2012
Card will help CUs ease Hispanic consumers’ entry into the financial mainstream.
CUNA Mutual Reports Strong Financials
November 17, 2011
Despite continuing economic pressures, CUNA Mutual Group posted a strong performance in key financial measures through the third quarter of 2011.
Credit Union Magazine
July 2014 digital edition
Beware of Casual Conversation with Members
Rewards Keep CU Cards ‘Top of Wallet’
Tech Budgets Are Going Mobile
Leadership Q&A: Brandon Michaels
Guard Against Employment Practices Liability Claims
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
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.
Tweets by @cumagazine
Say: Should CUs Impose Age Limits for Directors?
. Design, CMS, Hosting & Web Development ::