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board term limits
Be Ready For The Next Thing
July 01, 2014
Encourage members to use CU cards in digital wallets.
Execute Your EMV Plan
July 01, 2014
Most CUs are 'not far along' on EMV implementation.
Data Security: How Much Will EMV Help?
June 26, 2014
Will new fraud-fighting technology be enough to thwart threats such as the Target data breach?
Managing Risk with Derivatives
June 12, 2014
To understand how derivatives work, consider a futures contract.
Post-Recession Growth Strategies
June 11, 2014
CFOs and other CU leaders are zeroed in on the effects of market interest rates on CU operations.
Schenk: Retirement Planning a Huge Opportunity for CUs
June 03, 2014
Serving as members’ trusted financial advisor will cement relationships, build loyalty.
A New Payments Norm
June 01, 2014
Waiting for the payments revolution? Be patient.
Walmart Disrupts U.S. Money Transfers
June 01, 2014
Walmart’s pricing model is a disruptor.
Six Steps to Mitigate Cyberfraud Risk
May 27, 2014
Coastal FCU's quick response to the Target data breach was 10 years in the making.
Seven Steps to a Better Retirement Plan
May 21, 2014
Prepare for the ‘defined benefit-ization’ of 401(k) plans.
Credit Union Magazine
August 2014 digital edition
Set Up New Hires for Success: Seven Steps
Know the Signs of Workplace Fraud
Want to Be More Productive? Be Like Socrates
Avoid the Compliance Pitfalls of Social Media Advertising
Social Media: Give Before You Ask
While I thought that the premise of the article was good, I found one point very disturbing. It is that the Visions FCU ages people off their board at age 70. I found that really offensive. It perpetuates what I believe to be the regrettable marginalization of elders in our society, and the often erroneous assumption of debility and decline after a certain chronological age. Lots of folks over 70 are leading dynamic and viable professional lives and contributing to our society. How about Warren Buffet, a number of Supreme Court Justices, Jimmy Carter, the late Nelson Mandela and the late Maya Angelou, to name but a few, along with scads of writers, academics, performers, artists, and often our friends, neighbors and colleagues. If Visions wants new people on their board, it seems as though the term limitations and a nominating committee can accomplish that without aging all people off at age 70. I think that’s so insulting. And if those were paid employment, it would be illegal. I do wish you’d have picked a different credit union to profile---one that perhaps does many of the same things, without the arbitrary age exclusion. There have to be others out there.
David, good point about the "recovering comfortably" comment. That was an editorial addition--which I'll remove.
Many good points but too rosy? Will the "Federal Reserve raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time” ? I have heard from other economist that the US government will go bankrupt if that happens due to the QE the fed has done for several years. Also it seems an exaggeration to say “We survived a heart attack,now the economy is recovering comfortably." Comfortably recovering is too ignore the economic stress that many members still live with daily that will eventually affect many credit unions.
Karan, Great article and insight. I would also recommend that you start getting those credit cards into the hands of the youth BEFORE they are in college. One of the best ways to reach this young generation is through mom and dad. Before the student goes to college, get them started with a credit card (even if mom and dad are joint on it). It's never too early to start marketing credit cards. Mark
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