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july 2014 issue
target data breach survey
target data breach
The Courage to Act
May 01, 2012
Major Dan Rooney describes the moment that led him to start Folds of Honor, and what motivates him to do big things in life.
Back on Track?
May 01, 2012
CUNA economists recently dusted off their crystal ball. The prognostications probably won’t shock you, but you might be pleasantly surprised.
No CU Is Immune From Employee Dishonesty
April 27, 2012
Many boards aren’t prepared for the financial and reputational impact of embezzlement. Whether your CU is large or small, employee dishonesty doesn't discriminate.
Three Ideas in Three Minutes
April 09, 2012
CUs could benefit from a more proactive and welcoming approach to new ideas, says Filene’s George Hofheimer.
How to be Heard on the Hill
April 01, 2012
The energy level on Capitol Hill is like an 'emergency room,' making it hard to get messages across.
Rice: Reaffirm Our Principles
March 19, 2012
Will the U.S. remain the world’s leader—or will another power such as China take our place on the global stage?
‘Powerful Cause, Positive Effect’
March 18, 2012
The theme for this year's Governmental Affairs Conference ties directly into our times.
Financial Services Undergoing ‘Secular Shift’
March 01, 2012
The financial services industry is transitioning from a high-margin business to a low-margin undertaking.
Sharpen Your Board’s Financial Skills
March 01, 2012
When NCUA’S new financial literacy rules went into effect last July, credit unions took a closer look at their directors’ basic financial skills.
Dashboards Keep Boards Focused
March 01, 2012
The use of online dashboards as management information systems by financial institution board members and executives is increasing.
Credit Union Magazine
September 2014 digital edition
Apple Pay Will ‘Chew Into’ Interchange Revenue
CUNA Tech/OpSS Conference Concludes
Sievewright: Buckle In for a Transformative Decade
Of Ants and Grasshoppers
The Tipping Point for Dealer Mark-Ups
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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