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ceo performance review
CUNA Seeks Support for CU Charter Enhancement
February 05, 2013
CUNA reports bipartisan support from Senate Banking Committee members.
What’s a Bluebird?
February 01, 2013
About half of the 68 million unbanked or underbanked consumers in the U.S. prefer to conduct their financial business at a financial institution.
CUNA’s Franklin Announces Retirement
January 30, 2013
CUNA EVP spent 30 years with the South Carolina CU League, eight as president/CEO.
Benefits Still Matter in a Down Economy
January 29, 2013
When benefits start to slide, salaries become far more important.
Four Must-Have Job Skills for 2013
January 19, 2013
Clear communications, personal branding, flexibility and productivity are key skills.
Our Commitment for the New Year
January 14, 2013
Paul Gentile has joined CUNA as executive vice president, strategic communications and engagement.
Use Extra Due Diligence for Business Loan Participations
January 01, 2013
Business loan process requires a high level of detail.
Maintain a Competitive Edge with Benefits
December 28, 2012
Executive pay in for-profit businesses continues to increase despite weak profit growth.
How to Navigate 2013
December 26, 2012
Not everyone sees economic gloom and doom on the horizon.
The Fiscal Cliff: What’s the Worst-Case Scenario for CUs?
December 19, 2012
‘The probability is better than 50% that we’ll kick the can down the road with some modest spending cuts and tax increases.’
Credit Union Magazine
July 2014 digital edition
Slide Show: The Daily Duties of a Home-Based CU Manager
Regulators Focus on Interest-Rate Risk
Five Cyber Security Considerations for CUs
Advocacy Puts Board Members on Offense
Win Employee Love: Four Steps
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
I would respectfully disagree that transactional data is a good place to start. In my opinion, relationship data is a much better starting point. Transactional data tends to require more "mining" of thousands/millions of transactions to identify opportunities or threats. Relationship data, however, involves identifying and profiling your high-value relationships (those profitable relationships with multiple products/services, for example) and leveraging that information to attract/cross-sell similar members. Generally involves a bit less effort and quite a bit higher return.
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."
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