Economists claim the recession has ended—but it doesn’t necessarily feel that way. Instant Poll
What’s the telltale sign the economy is back on track? Cast your vote now and tell us what you think . Unexpected results
Your results are not what I would have expected given your target...
I’m not nervous about 2010, but… Are you an optimist, a pessimist, or a realist? An optimist views
a glass filled halfway with water as “half full.” The pessimist sees the same glass as “half empty.”
The realist views it as a potential germ factory. Which brings us...
Underwriting and monitoring tools ensure a healthy business loan portfolio. When it comes to providing business
capital in a tight economy, credit unions are like the kid who finally gets to sit at the big table at Thanksgiving. That’s
great, except the others at the table—banks and other...
Expect continued regulatory scrutiny of your BSA compliance program. Most credit unions
have adjusted to tougher regulatory scrutiny of their Bank Secrecy Act (BSA) compliance programs. Nevertheless, compliance
remains a challenge for most, if not all, institutions. That’s why so many credit union compliance...
It’s a new decade—and a new normal. In 1923, John Maynard Keynes—one of the 20th century’s
most influential economists—noted that “Economists set themselves too easy, too useless a task, if in tempestuous
seasons they can only tell us that, when the storm is long past, the ocean is...
The Great Recession might be technically over, but lending is still tepid at CUs. Chastened by the economic downturn,
once spend- and borrow-happy consumers have closed their wallets and upped their savings rates—a trend that’s
likely to continue, according to Credit Union National Association economists. “That’s one among...
The challenges in 2009 were numerous, but so were the accomplishments. I said often in 2009 that it was a most
extraordinary year, one of the busiest I’d encountered in my 40 years in Washington. The challenges were numerous, but
so were the accomplishments, leading us into...
‘Do or do not. There is no try.’ Who : Eric Bruen What : CEO, Desert Valleys FCU Where : Ridgecrest, Calif. On receiving the California CU League’s 2009 Kim Bannan Eternal Flame Award, recognizing contributions to the success and future of small credit unions : I was humbled and... READ MORE
Executives say certain leadership behaviors have helped their companies through the recent economic crisis, such as inspiring others and defining expectations and rewards. They say those behaviors will also help their companies thrive in the future, according to a McKinsey Quarterly survey. Executives say their focus on these behaviors has... READ MORE
Small CU leaders are the ‘missionaries’ of the financial services industry. During
the past four years, the credit union movement has lost about 1,000 small credit unions. There were 5,517 small credit unions
(those with less than $35 million in assets) at the end of...