Lending

What Challenges Arise With Risk-Based Lending?

June 01, 2006
What Challenges Arise With Risk-Based Lending? June 1, 2006 Risk-based lending--the practice of pricing loans differently based on members' credit risk--might at first glance seem to contradict credit union philosophy. But those practicing risk-based lending say it helps them make more loans and treat members more fairly. Here's what three... READ MORE

Top 10 CUs: Credit Card Outstandings

June 01, 2006
Top 10 CUs: Credit Card Outstandings June 1, 2006 Top 10 CUs: Credit card outstandings to total loans Airline Pilots Association FCU, Willowbrook, Ill: 78.3% Ethicon Suture CU, Chicago: 67% Jersey City (N.J.) Police FCU: 57.2% Acme Continental CU, Riverdale, Ill.: 47.9% Global 1 FCU, Princeton, N.J.: 42.1% Allied CU,... READ MORE

2006 Mortgage Predictions

January 01, 2006
2006 Mortgage Predictions January 1, 2006 By Lee Howlett The competition our athletes will face in the 20th Olympics this February in Turin, Italy, will be nothing compared to the competition that will hit lenders within the next 12 months. Streamlined first mortgage settlements, increased industry regulation, and the evolution... READ MORE

Selling Nonconforming Loans? Here's What To Ask

January 01, 2006
Selling Nonconforming Loans? Here's What To Ask January 1, 2006 By James L. Smith If you've written one nonconforming loan or 100, chances are you've had your eye on the secondary market. What you might not know is that your institution's ability to sell loans on the secondary market starts... READ MORE

Tips From The Mortgage Experts

January 01, 2006
Tips From The Mortgage Experts January 1, 2006 By Peggy Bakken Rates No Longer A Selling Point With rising interest rates, the way lenders position mortgages will have to change. Staff will have to be retrained, no longer selling mortgages based on rate but on the advantages of home ownership.... READ MORE

Housing Landmines Dot The Horizon

December 01, 2005
Housing Landmines Dot The Horizon December 1, 2005 By John Danaher Skyrocketing real-estate prices, combined with unprecedented access to credit, may have created a perfect storm of credit danger for some consumers. As housing prices begin to level in markets across the country and interest rates begin to rise, many... READ MORE

CUs Commit $1 Billion For Low-Income Homebuyers

December 01, 2005
CUs Commit $1 Billion For Low-Income Homebuyers December 1, 2005 The Credit Union National Association (CUNA) launched a $1 billion initiative to help credit unions provide mortgages for low-income homebuyers. The Home Loan Payment Relief (HLPR) Program makes below-market-rate mortgages available to borrowers with household incomes at or below the... READ MORE

Thwart Debit Card Fraud At Every Turn

November 01, 2005
Thwart Debit Card Fraud At Every Turn November 1, 2005 By Glen Lee As debit card use grows, credit unions should apply the same security measures they use with credit cards. This strategy is designed to protect both member cardholders and credit unions. MasterCard and Visa promise consumers no liability... READ MORE

Put Auto Lending Into Overdrive

November 01, 2005
Put Auto Lending Into Overdrive November 1, 2005 By Cathy Fleming As competition for auto loans increases, consumers will look beyond low rates and demand faster service and more convenience from lenders. Credit unions can respond by making the loans easier to get and by using technology to hasten the... READ MORE

Selling Problem Loans Boosts Earnings

November 01, 2005
Selling Problem Loans Boosts Earnings November 1, 2005 By David Ertel Despite cautious internal processes, a credit union can still make the occasional bad lending decision, resulting in subperforming assets. It's not necessary for credit unions to carry the burden of a subperforming loan. Doing so can adversely affect members,... READ MORE

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Great article! Unfortunately, most employees don’t feel valued or appreciated by their supervisors or employers. In fact, research has shown that the predominant reason team members quit their jobs is because they don’t feel valued. This is in spite of the fact that employee recognition programs have proliferated in the workplace – over 90% of all organizations in the U.S. has some form of employee recognition activities in place. But most employee recognition programs are viewed with skepticism and cynicism – because they aren’t viewed as being genuine in their communication of appreciation. Getting the “employee of the month” award, receiving a certificate of recognition, or a “Way to go, team!” email just don’t get the job done. How do you communicate authentic appreciation? We have found people have different ways that they want to be shown appreciation, and if you don’t communicate in the language of appreciation important to them, you essentially “miss the mark”. Additionally, employees need to receive recognition more than once a year at their performance review. Otherwise, they view the praise as “going through the motions”. A third component of authentic appreciation is that the communication has to be about them personally – not the department, not their group, but something they did. Finally, they have to believe that you mean what you say. How you treat them has to match the words you use. If you are not sure how your team members want to be shown appreciation, the Motivating By Appreciation Inventory (www.appreciationatwork.com/assess) will identify the language of appreciation and specific actions preferred by each employee. You then can create a group profile for your team, so everyone knows how to encourage one another. Remember, employees want to know that they are valued for what they contribute to the success of the organization. And communicating authentic appreciation in the ways they desire it can make the difference between keeping your quality team members or having a negative work environment that everyone wants to leave. Paul White, Ph.D., is the co-author of The 5 Languages of Appreciation in the Workplace with Dr. Gary Chapman.

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