Management

Bienvenidos

February 18, 2009
Dianne Molvig As more financial institutions turn their backs on Hispanics, CUs welcome the service opportunities. Tough economic times typically induce the urge to hunker down, for individuals and organizations alike. But tough times also can open doors to new opportunities. Keep that in mind when considering whether to reach... READ MORE

Which Way Now?

February 18, 2009
Steve Rick Common sense and vision chart a course for success in 2009 and beyond. Is there a silver lining for credit unions in the economic gloom and doom of the day? Yes, for those that navigate carefully, according to Credit Union National Association (CUNA) economists, who examined the state... READ MORE

'A Paradox of Thrift

January 23, 2009
Mark Sievewright   It’s tough to make predictions, especially about the future. When people ask me to prognosticate about our industry’s future, I like to quote legendary baseball sage Yogi Berra, who said, “It’s tough to make predictions, especially about the future.” But I’ll give it a whirl anyway. We... READ MORE

Hearth-Warming Loans Fuel Relationships

January 23, 2009
‘CU family can be found even in the most exotic places.’ Who: Cathy Bond What: President/CEO Where: Winslow (Maine) Community FCU Why we offer energy assistance loans: Maine winters can be financially difficult. When the cost of heating oil escalated midsummer 2008, we introduced the Energy Saver Loan to help... READ MORE

Getting the Nation Back on its Feet

January 23, 2009
Daniel A. Mica FDR and the Congress took a chance on CUs, which delivered. H.W. Brands’s book, “Traitor to His Class: The Privileged Life and Radical Presidency of Franklin Delano Roosevelt,” offers provocative insights into a presidency that parallels the challenges our country faces today. The book outlines how in... READ MORE

'In an Instant'

January 23, 2009
GAC provides the backdrop for CUs to write their own agenda. Kathryn Kuehn  While it obviously was building for some time, the U.S. financial industry last fall appeared to implode in an instant. Even Alan Greenspan, former Federal Reserve Board chairman, expressed surprise at the collapse, saying, “There’s no question... READ MORE

The Future of Work and Workers

January 23, 2009
LEAD STORY In 2018, how will successful organizations operate and what will the work force expect? Workforce Management offers nine predictions: Businesses will focus on infrastructures—such as social networks and community Web sites—to build strong relationships and collaboration. The structure of work will be more adaptive and informal, and less... READ MORE

Beacons of Trust and Hope

January 23, 2009
Mark Condon Where do you go when you can’t trust the smartest guys on Wall Street? Trust is the heartbeat of all relationships. This is especially true of the relationship between consumers and financial services providers. Credit union pioneer Roy Bergengren believed the three cardinal vices were intolerance, greed, and... READ MORE

Plan Now for Economic Rebound

January 23, 2009
Sharyn Alden CUs grow by serving financially challenged members. Is your credit union positioned to capture the most business when the economy improves? Regardless of what you call it—economic recovery, rebound, or upturn—many credit unions are planning for it now. They’re incorporating aggressive, strategic marketing, and expand¬ing their facilities as... READ MORE

System Scan: CU Tax Exemption

December 23, 2008
Credit unions obtained their tax exemption from Congress on June 15, 1937, in an amendment to the Federal Credit Union Act of 1934—with little difficulty or fanfare. It was enacted that December. The Bridge, forerunner of Credit Union Magazine, briefly recounts: “In its original form the Federal Act permitted the... READ MORE

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