Learn about our iPad app
Forgot your password?
tom j hefter
Articles Tagged with 'board'
Interchange Proposal Tops Regulatory Priorities
February 03, 2011
CUNA continues to address Fed and FASB proposals, financial literacy requirements for directors, and guidance on corporate credit unions and internet banking authentication.
On My Mind: Behind the Scenes
January 09, 2011
Our goal is to be relevant and vital to you—our readers.
NCUA Rule Requires Board Financial Literacy
January 01, 2011
The NCUA Board approved a final rule clarifying credit union directors’ fiduciary duties and providing additional provisions for insured credit union conversions and mergers.
Strengthen the Relationship With Your Outside Counsel
January 01, 2011
Before you engage the services of an attorney, you need to know why you need one.
Five Strategies for a Peak-Performing Board
October 10, 2010
Your directors contribute—good or bad—to your CU’s legacy.
From Dairyland to Down Under
October 02, 2010
A Wisconsin CU CEO on sabbatical in Australia finds clues for dealing with challenges facing U.S. CUs.
Are They Nuts?
October 01, 2010
Recapitalization and trust will be tough issues to address.
Make Succession Planning a Board Priority
September 08, 2010
The consequences of not having a CEO succession plan are "myriad and not pretty," says attorney Karen Saul.
September 01, 2010
Replacing a CEO can be a lengthy process. The time to develop a CEO succession plan is before you need one.
Learn to Contemplate 'Impossible' Scenarios
August 18, 2010
Governance lessons the nonprofit sector learned during the financial crisis and the slow recovery.
Credit Union Magazine
July 2014 digital edition
Slide Show: The Daily Duties of a Home-Based CU Manager
Regulators Focus on Interest-Rate Risk
Five Cyber Security Considerations for CUs
Advocacy Puts Board Members on Offense
Win Employee Love: Four Steps
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."
Tweets by @cumagazine
Say: What Are Your 2015 Tech Spending Plans?
Spend less than in 2014
Spend more than in 2014
Spend about the same
. Design, CMS, Hosting & Web Development ::