Management

Not Business as Usual

May 20, 2009
Sharyn Alden CU CEOs deal with low morale from SEG layoffs. As recessionary layoffs continue, many credit union CEOs must do double and even triple duty. They report they’re more than managers. Sometimes they’re grief counselors and coaches. They must make a personal commitment to lead by example. CEOs describe... READ MORE

Stability Comes to Mind

May 20, 2009
Mark Sievewright Can the housing market return to its original ‘flying position’? Since World War II, the U.S. economy resiliently has worked its way through 10 contractions, each lasting an average of 10 months (with two lasting 16 months). This recession leads the standings in both severity and duration. But... READ MORE

Social Lending Refuses to Die

May 20, 2009
Mark Condon Despite an SEC crackdown, social lending networks are surviving—even prospering. Amid the doom and gloom surrounding the economy and the financial services industry, you’ll be happy to learn that Uncle Joe and Aunt Millie can continue to lend money over the Internet to strangers out West who want... READ MORE

Celebrating the CU Centennial

May 20, 2009
Daniel A. Mica For 100 years, CUs have served the nation with outstanding commitment. This month folks from across the country are converging in Boston to celebrate the credit union centennial at the America’s Credit Union Conference & Expo. We do so at a time when the current economic situation... READ MORE

Ideas to Ideals, Ideals to Reality

May 20, 2009
CU 1 breaks ground this summer on a branch in a neighborhood without a financial institution for 20 years. READ MORE

Survival of the Fittest

May 20, 2009
Darla Dernovsek CUs pump up strategies to attract and retain members during tough times. Even before the depth of the current recession was apparent, $1.7 billion asset CommunityAmerica Credit Union, Lenexa, Kan., knew some members needed financial makeovers. So the credit union created a promotional campaign inviting members to apply... READ MORE

Look Beyond the Magic 8 Ball

May 20, 2009
G. Kent Streuling Uncertain times deliver tough HR answers. My Magic 8 Ball® from junior high sits on my desk. During the current unstable economy, it reminds me the answers to my questions may be different each day. Wouldn’t it be nice to see what the next 18 months have... READ MORE

Dealing With The Dealers

April 27, 2009
James Collins Job worries and $4 gasoline have put a dent in car sales. The $17.4 billion spent on Chrysler and General Motors through January is an amount even eclipsing Sarah Palin’s campaign wardrobe. At press time, the auto makers had just asked for another $21 billion. While we wait... READ MORE

Control Costs, Boost Spreads

April 27, 2009
Judy Dahl Shrinking margins make cost control vitally important. Credit union margins are perilously low: Return on assets fell to 31 basis points (bp) at year-end 2008 versus a five-year average of 71 bp, reports the Credit Union National Association. This makes cost control more important than ever, say Eve... READ MORE

Welcome to the Housing Trough

April 27, 2009
Mike Schenk After hitting bottom, real estate shows signs of turnaround. Did you hear that “thud”? I’m pretty sure it was the housing market hitting bottom. Actually, hitting bottom will be a process rather than an event. But recent real estate news is much more positive: Housing affordability is very... READ MORE
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