Learn about our iPad app
Forgot your password?
Builder Confidence Holds Steady in January
January 23, 2013
More housing markets show signs of recovery.
Teamwork, Sales Focus Lead to Mortgage Success
January 22, 2013
Incentives, competitive rates, new products, and community partnerships, also grow loan volume.
Proactive Lenders Succeed Even in Tough Times
January 22, 2013
Passive lenders simply wait for tough times to pass when the economy or other events cause lending to lag.
‘Thanks for Treating Me as a Friend’
January 16, 2013
Personal contact cements member relationships and provides a foundation for referrals.
Eight Thriving Cottage Industries
January 11, 2013
Cottage industries—businesses that can be started by individuals in their homes—present major lending opportunities for CUs.
Three Steps for MBL Success
January 09, 2013
Find the right people, forge strong member relationships—and be safe.
CUs Looking for Lending Uptick in 2013
January 06, 2013
Credit unions expect modest loan growth this year as the economy improves.
Housing Is Staging a Comeback
January 06, 2013
Home sales are expected to rise 3% and home prices are expected to rise 2% to 3% in 2013.
Measure Lending Success with Risk-Rating
January 02, 2013
Most CUs use growth as the chief measure of lending success—but that’s not enough.
Use Extra Due Diligence for Business Loan Participations
January 01, 2013
Business loan process requires a high level of detail.
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."
Tweets by @cumagazine
Say: What Are Your 2015 Tech Spending Plans?
Spend less than in 2014
Spend more than in 2014
Spend about the same
. Design, CMS, Hosting & Web Development ::