Learn about our iPad app
Forgot your password?
mayo employees fcu
financial institution examiner
practices business development
Compliance Q&A: Adverse Action Notifications
February 19, 2013
Also, answers to questions about the Fair Credit Reporting Act and Office of Foreign Assets Control.
Fixing the International Remittance Rule
February 18, 2013
We’re advocating for ample compliance time, in recognition of the fact that many vendors may need additional time to get ready.
CUs’ Regulatory Burden Will Be Our Focus
February 18, 2013
We’ll urge Congress to exercise greater oversight on regulatory issues—to ensure accountability for agency actions.
CFPB Eyes Consumer Disclosure Trials
February 14, 2013
Dodd-Frank authorized the CFPB to facilitate innovation and to approve trial disclosure programs.
Compliance Q&A: OFAC-blocked Account
January 29, 2013
In most cases, Office of Foreign Assets Control (OFAC) regulations contain provisions to allow a financial institution to debit blocked accounts for normal service charges.
CFPB Issues New Proposal on International Remittances
January 21, 2013
CUNA remains concerned over remittance exemption rules.
CFPB Amends Remittance Transfer Rule
January 13, 2013
About a year ago, the Consumer Financial Protection Bureau (CFPB) published amendments to Regulation E.
Servicemember Foreclosure Protections Expand in 2013
January 07, 2013
The SCRA provides a wide range of protections for those entering the military, called to active duty, or already deployed.
Fair Lending Will Heat Up Again in 2013
January 01, 2013
Here’s why you can expect fair lending compliance to heat up this year.
New Rules for Open-End Lending
December 31, 2012
Review policies and procedures to ensure conformance with NCUA’s updated guidance.
Credit Union Magazine
August 2014 digital edition
The Works Blog is produced by
Des Moines, Iowa.
Set Up New Hires for Success: Seven Steps
Want to Be More Productive? Be Like Socrates
Avoid the Compliance Pitfalls of Social Media Advertising
Social Media: Give Before You Ask
Turn Technology Hold-Outs into Adopters
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: Should CUs Impose Age Limits for Directors?
. Design, CMS, Hosting & Web Development ::