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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.
A Tale of Opportunities
August 30, 2010
How might Charles Dickens's sage narrative apply to credit unions today? It's easy to focus only on the difficulties credit unions face right now. Afterall, there are many reasons for gloom.
Five More Mortgage Fraud Schemes
August 24, 2010
The Federal Financial Institutions Examination Council warns financial institutions to be on the watch for these common mortgage schemes.
Credit Union Magazine
April 2014 digital edition
Scenes from NACUSO 2014
Cultivate an Effective CEO Evaluation Process
Members 'Catch the Save Wave' During CU Youth Week
'A Little Predicting Goes a Long Way'
Create Awareness of Your CU
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."
So, sick people can't get loans, or suffer higher interest rates? This is interesting info, but what does it lead to, especially for the relationship between my credit union and my family? I've had bypass surgery and knee replacements. Do I get penalized on my mortgage? While the data may pique ones interest (no pun intended), I just can't figure out how it's actionable, either for the member or the credit union. IMHO!!!!
I, until recently, have been a manager of two small credit unions. We recently merged with a larger credit union as a result of the regulations and not being able to keep up. We were in a "catch 22" of not being able to afford more staff to help with the back room work, compliance issues, and many other tasks. After going through two federal exams we felt the writing was on the wall. We found a merging partner while we were still sound and not waited until we were forced to merge. Although the merged has been good for the membership over all we have lost our identity. My advice to any other credit union in this position would be to think long and hard and see if there is any other way to make the credit union work. I have learned a lot since the merger and can see things we could have done to make the credit union survive.
I am so happy to see the passion being instilled in our credit union future leaders! They can make a huge difference in the strength of our industry. They ARE more when they take that back to their credit unions.
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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Say: Who should be Credit Union Magazine's 2014 CU Hero of the Year?
William Armstrong, Northeast Community CU
Dan Morrisey, Queen of Peace Arlington FCU
William Rissel, Fort Knox FCU
Joni Senkpeil, Illinois CU System
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