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Are IT Budgets Poised for a Comeback?
September 17, 2010
Conventional wisdom says technology is outdated in three years unless it’s upgraded or replaced. Throw in the Great Recession, and you get delayed tech investments.
Combat Social Engineering: Don’t Be the Weakest Link
September 16, 2010
Social engineering tactics exploit the fundamentals of human nature.
Seven Layers of Cloud Computing
September 14, 2010
Mastering cloud computing is as much about keeping up with the market space as it is about understanding what each vendor provides.
E-Signatures: A New Avenue for Forgery?
September 13, 2010
Laws permitting electronic signatures have been around for a decade, but implementation by credit unions has accelerated in just the last year.
September 10, 2010
Even with advanced technologies such as retinal scans, fingerprints remain the staple biometric identity authentication.
Ten Tips on Going Virtual
September 09, 2010
Virtualization will have a dramatic impact on CU data centers during the next three to five years.
IT Budgets Tackle Pent-Up Demand
September 02, 2010
Technology upgrades put on hold during the recession might be necessary in 2011.
Make Technology More Efficient
September 01, 2010
With earnings pressures likely to continue, 2010 should be a year of automating tasks and work processes to drive efficiency.
Six 'New Realities' Facing CUs and Core Processors
August 25, 2010
A panel discussion during Harland Financial Solutions’ 2010 Connections user conference identified six "new realities" facing credit unions and core processors.
CUs Catch Mobile Wave
August 02, 2010
Last October, I was in Kenya with World Council of Credit Unions representatives. As I bounced along a rural road outside Nairobi, two of my Kenyan traveling companions had this conversation:
Credit Union Magazine
August 2014 digital edition
Guide Members to Financial Health
Defining the Social Media ROI Debate
You Can't Freeze Out CU Folks From a Good Fundraiser
Synergy Separates Great Boards from Good Boards
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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