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Articles Tagged with 'credit'
Connect With Members During the Year of Cooperatives
January 01, 2012
With the New Year also comes a new reason to celebrate—the International Year of Cooperatives.
Four Steps to Robust Risk Assessment
December 09, 2011
Assessments should address what can go wrong, how, and the potential impact.
Delinquency Outlook Favorable in 2012
December 08, 2011
Credit card delinquencies should remain stable in 2012, according to TransUnion.
Are You Ready for 2012?
December 06, 2011
How will CUs respond to renewed consumer interest so they can grow, retain their member bases, comply with regulations, manage risk, and deliver services members want?
Immerse Staff in CU Philosophy
December 01, 2011
CUs now have tremendous opportunities to increase membership.
NLRB Issues Notice Requirement
November 21, 2011
Agency issues final rule to require most private-sector employers to notify employees of their rights under the National Labor Relations Act.
The Real Story About Bank Transfer Day
November 14, 2011
More consumers than ever heard for the first time that they can save money at a CU.
Get Ready for a Compliance Deluge
November 09, 2011
The pace, complexity, and timing of today's regulatory changes are unprecedented, requiring CUs to rethink how they do business.
Be Careful When Wooing Angry Bank Customers
November 03, 2011
Four steps CUs should implement before marketing to frustrated bank customers.
With Fees in Focus, Share the CU Difference
November 02, 2011
What marketing strategies should CUs employ as bank fees make headlines?
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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