Lending

Boost Growth With MBLs, Alternative Capital

June 05, 2009
  Watch now Credit unions could immediately inject $10 billion in business capital if restrictions on member business loans were lifted, says CUNA President/CEO Dan Mica. “The economy is hurting,” Mica notes. “The best way to get it going isn’t to create major employers who hire tens of thousands of people.... READ MORE

Illinois CUs Join Forces for Student Loans

May 28, 2009
Illinois-based credit unions recently joined forces to fund low-interest, federally guaranteed loans for Illinois students and their families. The 12 credit unions invested a combined $100 million in securities to finance Federal Family Education Loan Program (FFELP) loans through the Illinois Student Assistance Commission (ISAC). This figure could grow as... READ MORE

Falling Out of Free Fall

May 20, 2009
Bill Hampel   The U.S economy’s rate of decline is slowing. Beginning last fall, for several months economists were shocked with worse-than-expected monthly economic data. After a mild recession for the first three quarters of 2008, the bottom fell out of the economy, culminating with a 6.3% decline in gross... READ MORE

Focus on the 'Open' In Open-End Lending

May 20, 2009
Review your practices, policies, and procedures to determine if you want to continue to use multifeatured open-end lending as a primary consumer lending strategy. READ MORE

Stability Comes to Mind

May 20, 2009
Mark Sievewright Can the housing market return to its original ‘flying position’? Since World War II, the U.S. economy resiliently has worked its way through 10 contractions, each lasting an average of 10 months (with two lasting 16 months). This recession leads the standings in both severity and duration. But... READ MORE

Social Lending Refuses to Die

May 20, 2009
Mark Condon Despite an SEC crackdown, social lending networks are surviving—even prospering. Amid the doom and gloom surrounding the economy and the financial services industry, you’ll be happy to learn that Uncle Joe and Aunt Millie can continue to lend money over the Internet to strangers out West who want... READ MORE

A Teachable Moment for Student Loans

May 20, 2009
Jim Hanson The U.S. student loan supply is half empty—or half full, depending on your viewpoint. As some student loan providers pull the plugs on their programs, others are lining up ready to serve more. Many credit unions are in the latter group. Nearly 1,450 U.S. credit unions offer guaranteed... READ MORE

Dealing With The Dealers

April 27, 2009
James Collins Job worries and $4 gasoline have put a dent in car sales. The $17.4 billion spent on Chrysler and General Motors through January is an amount even eclipsing Sarah Palin’s campaign wardrobe. At press time, the auto makers had just asked for another $21 billion. While we wait... READ MORE

Vehicle Titles Go Electronic

April 27, 2009

One upside to the current credit crunch plaguing the financial industry is that car buyers are turning to their local credit unions to finance both new and used vehicles.

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Welcome to the Housing Trough

April 27, 2009
Mike Schenk After hitting bottom, real estate shows signs of turnaround. Did you hear that “thud”? I’m pretty sure it was the housing market hitting bottom. Actually, hitting bottom will be a process rather than an event. But recent real estate news is much more positive: Housing affordability is very... 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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