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The Growing Student-Debt Burden
September 06, 2011
The statistics on national student loan debt are alarming.
Sorting Out the Schools
September 01, 2011
Simply choosing a university is more complicated today than it has been in the past.
Match Students with the Right Loans
August 30, 2011
CUs explore a variety of ways to reach student borrowers.
Index Depicts Weak Small Business Economy
August 23, 2011
Small business economy has been extremely sluggish, according to The Small Business Authority.
Survey: Don’t Raise Taxes to Reduce Deficit
August 21, 2011
Nearly two-thirds of small business owners believe tax increases should not be part of the federal government’s plan to reduce the deficit, according to a survey by The Small Business Authority.
Home Prices Should Stabilize
August 10, 2011
Despite housing market weaknesses in nearly every U.S. region, home prices should stabilize by the end of 2012, according to the Fiserv Case-Schiller Indexes.
Competitive CU Expands Market Reach
August 01, 2011
Todd Helmerson, director of loan production at Kinecta FCU, describes his credit union’s new FHA wholesale mortgage program.
Pay-Downs, Not Charge-Offs, Drive Lower Credit Card Balances
July 29, 2011
Average credit card debt per borrower has reached a 10-year low.
Lending in the Not-Too-Distant Future
July 25, 2011
Technology will continue to change how members obtain CU services.
CARD Act Holds Down Rates and Fees
July 21, 2011
Consumers are seeing fewer late fees, eradication of over-limit penalties, and minimal changes to annual fees since the CARD Act's passage.
Credit Union Magazine
September 2014 digital edition
Membership Growth Strategies
Attention CU Bean Counters: Employee Happiness Adds Up
Four Stages of a Compliance Audit
Four ‘Must Haves’ for Mobile Pay Technology
Summer's End Signifies Start of Strategic Planning Season
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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