Management

Attendees Honor CU Revolutionaries

June 18, 2009
There were exceptional moments at Sunday’s Opening General Session at the America’s Credit Union Conference & Expo in Boston, but perhaps none more notable than the award presented to Cathie Tierney, CEO of Community First Credit Union , Appleton, Wis. She was recognized as Credit Union Magazine’s 2009 CU Hero... READ MORE

Building Green: Fad or Rad?

June 17, 2009
Going green is the rage, but building green is convoluted. James Collins When you hear the phrase “a green branch,” what’s the first thing that comes to mind? A poor choice of wall color. A reminder of how expensive it was to build the last branch. A place where members... READ MORE

Closing Time

June 17, 2009
How to determine when a branch has outlived its usefulness. Judy Dahl Closing a branch is one of the hardest decisions credit unions can make, says Debra Griggs, vice president of member relations at $918 million asset United Federal Credit Union, St. Joseph, Mich. “It affects the members who use... READ MORE

It's Time to Support Corporate CUs

June 17, 2009
Let’s stay centered on the cooperative spirit. Erin Mendez Corporate credit unions play a key role in our cooperative system. While I’ve been in the financial services sector for 30 years, I began a career in the credit union movement in 2003. Going from for-profit to not-for-profit financial services, I... READ MORE

Factor In the Attrition Factor

June 17, 2009
The role of member retention often is overlooked in CU growth. Paul Ledin Ever wonder how your credit union’s membership growth compares with other credit unions’? That may strike you as an odd question. After all, credit unions report total memberships on quarterly call reports filed with the National Credit... READ MORE

How Much Capital Is Enough?

June 17, 2009
Jim Jerving CEOs debate balancing adequate reserves with positioning for growth. A chief function of capital is to provide a cushion against losses—an umbrella for rainy days. For many credit unions, the rains of 2008 and 2009 have become floods because of a deep and long recession and extraordinary circumstances.... READ MORE

The Member-Centric Future

June 17, 2009
Macro trends will have a profound effect on CUs. Mark Sievewright Credit union executives often ask me to provide input during their strategic planning process. For example, what do I see in the broader financial services market, and how can credit unions position themselves for success? Typically, I share the... READ MORE

CU Grassroots Sprout Thick

June 17, 2009
Recent Hill actions prove the CU voice is heard in Washington. Mark Wolff Credit unions are known in Washington, D.C., for the power of their grassroots-based political involvement. A significant portion of the Credit Union National Association’s (CUNA) advocacy efforts go to grassroots cultivation. There’s the Hike the Hill program... READ MORE

Midyear Reflection

June 17, 2009
The first six months saw great challenges. More will come. Daniel A. Mica It has been said that time has no divisions to mark its passage. It’s just us humans who bang a drum, shoot off some fireworks, or declare a holiday to celebrate the moment. So, here’s a very... READ MORE

Formula for Growth: Patience Plus Timing

June 17, 2009
Business philosophy: ‘Life is short. Go for it!’ Who: Glenn Barks What: CEO, First Community CU Where: Chesterfield, Mo. Key to successful branch planning: Understanding that if there’s a financial institution on every corner, you’d better be accessible to your potential members. You have to know where they live and... READ MORE
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