Management

Bellco CU Wins UBIT Challenge

April 26, 2010
Bellco CU Wins UBIT Challenge   Last month the U.S. District Court in Colorado ruled in favor of Bellco Credit Union, Greenwood Village, Colo., about limits on the Internal Revenue Service’s authority to collect unrelated business income taxes (UBIT) on several products.  The court ruled income derived from the sale of credit... READ MORE

A Rock Star Wannabe

April 26, 2010
‘Marketing is a great profession for those who like to daydream about what could be.’ Who : Eve Marie Hernández What: VP, Marketing, Generations FCU Where: San Antonio On winning the Texas CU League’s 2009 Marketer of the Year Award : I must share the kudos. The award definitely goes... READ MORE

Recession Changes Consumers' Financial Behavior

April 14, 2010
Consumers are paying down debt, taking out fewer loans, and building up liquid savings balances—major changes in financial behavior due to the Great Recession, says Mike Schenk, vice president of CUNA’s economics and statistics department. While the average savings rate during the ‘70s and ‘80s was around 10%, it fell... READ MORE

Expect Economy to Return Toward Normalcy

April 14, 2010
The best thing about the economy in 2010, says CUNA Economist Mike Schenk, is that it won’t look like 2009. He cites positive economic signs including the slowdown of job losses, rising wages, and the recovery of equity markets as reasons for greater optimism. What will this mean for credit... READ MORE

Waiting on Job Growth

March 30, 2010
Steve Rick Long-term unemployment has serious implications for CU asset quality. Credit union credit quality, which deteriorated during the Great Recession, is directly tied to U.S. unemployment numbers. Long-term unemployment is a serious concern for credit unions’ asset quality. At mid-March, more than 6.1 million people had been unemployed for... READ MORE

The New MBAs

March 30, 2010
Ben Rogers CU values are aligned with the values of today’s business school graduates. Focus MBA students offer strong analytical skills and fresh views of CU operations and strategy. Young adults increasingly look for socially responsible employers. Board focus: Partner with graduate schools to attract MBA students and graduates. Imagine... READ MORE

Make an Immeasurable Impact

March 30, 2010
‘Our success depends on helping members achieve their financial goals.’ Who: Kelly McDonough What: President/CEO Where: First Alliance CU, Rochester, Minn. I’m proud my CU received the Alfred P. Sloan Award for Business Excellence in Workplace Flexibility: Organizations function best when they have an engaged and inspired work force. I’m... READ MORE

Spotlight: Kelly McDonough

March 23, 2010
Who : Kelly McDonough What : President/CEO Where : First Alliance CU , Rochester, Minn. Kelly McDonough believes organizations function best when they have an engaged and inspired workforce. Companies that meet employees’ needs for work/life balance reap big rewards in productivity, commitment, and loyalty, she says. McDonough’s commitment to... READ MORE

Don't keep secrets from staff

March 23, 2010
Can employees handle the truth? Yes. And if you don’t give it to them, they’ll make up their own version of it. That’s the word from Quint Studer , author of “Straight A Leadership: Alignment, Action, Accountability.” He says many employees are anxious and distracted, either hiding out in their... READ MORE

CUs Take MBL Message to Capitol Hill

March 18, 2010
Credit unions called upon legislators during visits to Capitol Hill to support legislation raising the member business lending (MBL) cap from 12.25% to 25% of assets—and found some allies during the process. The visits took place during the Credit Union National Association’s (CUNA) Governmental Affairs Conference. When a delegation of... READ MORE
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