Management

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

Put More Americans to Work

February 24, 2010
It's time to put more Americans to work. That's where credit unions come in, says Rep. Ed Perlmutter. READ MORE

Alternative Capital is Up to Congress

February 24, 2010
It’s up to Congress to determine policy on alternative capital for credit unions, said Michael Fryzel, NCUA Board member. But NCUA stands ready to implement new options for credit unions if Congress decides it’s needed. “This is a tool many credit unions feel will help them build capital and remain... READ MORE

Frank: Financial Regulation Legislation Won't Make CUs' Job Harder

February 24, 2010
Congress is about to pass the most significant piece of financial regulation legislation since the New Deal, but the legislation will not “make it harder for you to perform your services,” Rep. Barney Frank said Wednesday. Emphasizing that credit unions didn’t cause the nation’s economic problems and therefore wouldn’t be... READ MORE

Help the Nation Recover

February 24, 2010
Sen. Christopher Dodd (D-Conn.) encouraged credit unions to continue to expand their activism in politics and finance, and help the nation recover from current economic stresses. Dodd, chairman of the Senate Banking Committee, reminded the audience that credit unions have been a force in helping citizens realize the American dream.... READ MORE

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