Management

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

Legislative Issues of the Decade

March 18, 2010
The past decade was an active one politically for credit unions, with a major victory—the defeat of legislation that would have altered the bankruptcy code to allow judicial mortgage modification in Chapter 13 bankruptcy proceedings—punctuating the end of the decade. Other top legislative issues of the decade, according to Credit... READ MORE

Excess Funds: Invest or Stay Liquid in 2010?

March 03, 2010
By Andy Swoger Substantial share growth of 10.4% and loan growth of just 2.7% in 2009 have left credit unions flush with cash during a period of extremely low investment yields. In the absence of loan demand, what options do credit unions have for excess funds? Three divergent strategies have... READ MORE

How has Your CU Benefited from Consumers' Anti-Bank Sentiments?

February 24, 2010
How has Your CU Benefited from Consumers’ Anti-Bank Sentiments?   There has been backlash against the banks and we’ve gained members as a result. We have more checking accounts than all of the area banks combined. We have a community charter and we just took over a former bank building.... READ MORE

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