Management

Inflation Fears Unwarranted

July 20, 2009
Several factors will stymie inflation for the foreseeable future. Steve Rick The big question on the minds of many credit union executives today is whether the excess liquidity pumped into the banking system by the Federal Reserve eventually will lead to increasing inflation. If inflation increases, credit markets will respond... READ MORE

Negotiate Letters of Understanding and Agreement

July 20, 2009
Due diligence applies to agreements with regulators, too. Christopher Pippett Typically you might think of due diligence review as applying only to vendor relationships. However, you also should thoroughly analyze the formal agreements you might have to enter into with the National Credit Union Administration (NCUA) or your state regulator... READ MORE

Please Pass the Remote

July 20, 2009
Deposits move from Main Street to cyberspace. Mark Sievewright If your household is anything like mine, there are too many remote control devices. Each one controls different parts of our multimedia entertainment systems. But it strikes me that the deposit business looks much the same way. This “remote” analogy is... READ MORE

Lights, Camera, Action

July 20, 2009
Take note as the entertainment world captures the evolving face of America. Mark Condon The first movie ever copyrighted was a short film by Thomas Edison showing one of his employees sneezing. Edison subsequently built the Kinetoscope, a peephole viewer designed for the penny arcade, where people could watch short,... READ MORE

Reasons to Boast

July 20, 2009
What doesn’t happen to you is sometimes the best news of all. Daniel A. Mica Two major developments from Washington over the past several months—completely unrelated in their specific subject areas—give credit unions potential to boast. But neither event was instigated by credit unions. Both occurred in spite of credit... READ MORE

Winning Ways

July 20, 2009
Great follow-up & attention to detail mark success for this award-winning lender. Who: Randy M. Smith What: CEO, Randolph-Brooks FCU Where: Live Oak, Texas Outlook for CU member business lending: While our loan growth was 17% for the last six months of 2008, it still grew 9% for the first... READ MORE

Advice From an Optimist

July 20, 2009
LEAD STORY Be optimistic. Be open to doing new things and meeting new people. Be open to the “Life is good” concept of living. Entrepreneur Bert Jacobs shared these simple messages with credit unions at the Credit Union National Association’s (CUNA) America’s Credit Union Conference and Expo in Boston. Jacobs... READ MORE

Salary Freeze

July 20, 2009
This year at GTE Federal Credit Union, Tampa, Fla., no employee will get a raise, promotion, or 401(k) match. But nobody's complaining. READ MORE

Member Acquisition & Retention, Economy Top CU Concerns

July 20, 2009
Attracting new members, the economy, retaining current members, and adapting programs to new technology are the biggest challenges credit unions face. So says a survey conducted by Credit Union 24 , Tallahassee, Fla. It examines successes and competitive challenges credit unions currently face. According to the report, the top challenges... READ MORE

Get the Salary Survey Scoop

July 20, 2009
Nearly 40% of credit unions plan to freeze wages during 2009, according to the Credit Union National Association’s (CUNA) 2009-2010 Complete Credit Union Staff Salary Survey Report .  CUNA senior research analyst Beth Soltis examines CU salary trends. Watch now . That’s the highest percentage during the more than 25... READ MORE

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