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Articles Tagged with 'federal'
A Winning Attitude
April 01, 2014
‘We must always win for members for our organization to be successful.’
Regulatory Compliance for Investments
July 31, 2013
CUNA expects NCUA to issue additional guidance on how to comply with its new investment rules.
Public National Debt Exceeds Bank Deposits
February 03, 2013
Public debt has grown 23% since 2010 vs. 13% for deposits.
Teamwork, Sales Focus Lead to Mortgage Success
January 22, 2013
Incentives, competitive rates, new products, and community partnerships, also grow loan volume.
Update Forms to Reference CFPB
November 30, 2012
Dodd-Frank transferred rule-making authority for a number of consumer financial protection laws to the CFPB.
Coastal FCU Prepares for ICU Day
November 07, 2012
CU will offer penny overdrafts on Oct. 18.
CUs Take Different Paths to Loan Growth
October 01, 2012
These three credit unions got creative to grow their loans.
Take a Proactive Approach to ID Theft
August 01, 2012
‘Our objective is to protect families from this potentially devastating crime.’
FFIEC Clarifies Interest-Rate Risk Advisory
July 01, 2012
The agency issued responses to frequently asked questions about its 2010 Advisory on Interest Rate Risk (IRR) Management.
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
July 2014 digital edition
Slide Show: The Daily Duties of a Home-Based CU Manager
Advocacy Puts Board Members on Offense
Five Cyber Security Considerations for CUs
Win Employee Love: Four Steps
Harness the Power of 'Intrapreneurship'
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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