Learn about our iPad app
Forgot your password?
credit union ceo salaries increase recession
credit union goals
Filene Report Shows Increased Debit Card Use
October 22, 2010
Plastic cards tie consumers to their financial institutions. This is good news if your credit union offers debit and credit cards.
High Unemployment Increases Risk to Auto Loan Portfolio
October 15, 2010
The stalled U.S. economy has not only aggravated the downturn in credit union new vehicle loans, it has put the industry's portfolio of current auto loans at greater risk.
Monthly House Price Index Falls 0.5%
October 05, 2010
U.S. house prices fell 0.5% on a seasonally adjusted basis from June to July, according to the Federal Housing Finance Agency's monthly House Price Index.
Job Losses Create Higher Loan Risk
October 01, 2010
The stalled economy has put the industry's auto loan portfolio at greater risk.
Reg Z and the CARD Act
September 29, 2010
Sometimes, a literal reading of a particular Regulation Z provision doesn't disclose the full intent or meaning.
Student Loan Default Rates Increase
September 21, 2010
U.S. Secretary of Education Arne Duncan announced that the fiscal year 2008 national student loan default rate is 7%, up from 6.7% as of fiscal year 2007.
Loan Modifications and Refinancings Continue to Increase
September 17, 2010
More than half of completed loan modifications in the second quarter lowered borrowers' monthly payments by more than 30%.
Shop Around for Title Insurance
September 15, 2010
Your members may not have a very good understanding of what title insurance covers or what it costs. But title insurance is one of the largest expenses when closing on a purchase or refinance.
House Prices Rise in Second Quarter
September 01, 2010
U.S. house prices rose in the second quarter of 2010 according to the Federal Housing Finance Agency's seasonally adjusted purchase-only house price index.
Real Estate at a Crossroads?
September 01, 2010
CUs are continuing with strong underwriting standards while helping members as much as possible to stay in their homes.
Credit Union Magazine
September 2014 digital edition
Membership Growth Strategies
Q&A: How Technology Shapes CU Branch Design
Four ‘Must Haves’ for Mobile Pay Technology
Money Machine Grabs Shoppers' Attention
When Lightning Strikes
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
Tweets by @cumagazine
Say: Does Your CU Offer Subprime Loans?
. Design, CMS, Hosting & Web Development ::