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Articles Tagged with 'challenges'
Adapt to Change for Community CU Success
March 01, 2013
Gulf Coast Community Federal CU was among four CUs awarded in 2012 by CUNA.
Policy Makers Worldwide See the Value of Cooperatives
October 01, 2012
What CUs do has changed considerably over the years—but why CUs do what they do remains unchanged.
CUs Always Will Be the Smarter Choice
September 01, 2012
It seems there’s a new regulation, technology, product, or competitor every week.
Technology for What Purpose?
July 13, 2012
When a CU considers automation it should ask how it will help the average person.
Amplify the CU Voice
March 20, 2012
Mike Mercer prepares to fill outgoing CUNA Chairman Harriet May’s petite shoes.
Pickin' and Grinnin'
January 30, 2012
This week's roundup offers some leadership nuggets and thoughts on what the sluggish economy means for members.
Help Members Weather the Crisis
June 21, 2011
Economic challenges of the past three years continue to affect CU members.
Community CUs As Partners & Leaders
December 07, 2010
Award-winning community CUs share their strategies for success.
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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