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board succession plan
Consumers Gravitate Toward Mobile RDC
July 29, 2013
Half of CUs with more than $50 million in assets will introduce mobile remote deposit capture within the next year.
'Spotpay' Deepens Ties with Business Members
July 22, 2013
Centra CU in Columbus, Ind., went live with SpotPay in May 2013.
Cross-Selling Solely in Cyberspace
July 16, 2013
Micronotes Cross-Sell produces customized loan offers for members, and prompts call centers to follow up on hot leads.
My P2P Solution Involves Pen and Paper
July 15, 2013
You don’t need electricity to write a check.
Vendors Showcase Best Practices
July 10, 2013
Conference sessions highlight cutting-edge solutions.
Guard Against Social Media's Liability Risks
July 09, 2013
A recent survey indicated that 62% of U.S. financial institutions were not using social media because they worry about compliance violations.
Timing is Everything in the Changing Payments Space
July 09, 2013
Payments products and services represent 75% of CUs' fee income.
What's New From i3?
June 27, 2013
Pizza delivery sparks idea for mortgage program.
Mobile Extends Online Banking Evolution
June 24, 2013
Online banking systems have quickly expanded into budgeting and account tracking tools across multiple platforms.
Technology Council Identifies Five Top Tech Trends
June 20, 2013
Demand for seamless delivery across channels drives technology investments.
Credit Union Magazine
August 2014 digital edition
Guide Members to Financial Health
Defining the Social Media ROI Debate
Synergy Separates Great Boards from Good Boards
You Can't Freeze Out CU Folks From a Good Fundraiser
Transforming the Branch Manager
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
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