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Matz Stresses Need for Capital Reform
August 01, 2011
Think globally about how to prepare for uncertainty, reach new markets, and better serve consumers, agency head advises.
Assess the Integrity of Your ‘Soft’ Controls
July 13, 2011
Unlike clearly defined internal controls, “soft” controls are subjective, intangible, and hard to audit.
Giving Good Governance
July 01, 2011
If everyone looks like you in the boardroom, your board needs a greater diversity of skills and experience.
CUNA Board to Foster New Vision for CU Movement
June 22, 2011
The new strategic plan will be firmly rooted in attributes that have made the CU movement great for the past 100 years, says CUNA Chair Harriet May.
Create a Board Succession Plan: Seven Steps
June 22, 2011
Explain that a succession plan is designed to find
directors, not weed out
Seven Principles of Highly Effective CUs
June 21, 2011
Many CUs develop principle-centered initiatives to aid members.
The Pros and Cons of Supplemental Capital
June 21, 2011
Supplemental capital, while a valuable tool, isn't a silver bullet, says CUNA Mutual's John Lass.
Mobile Devices Raise Security Concerns
June 16, 2011
Pressure to provide choice within company technology policies is increasing.
Defend Your Executive Pay Practices
June 01, 2011
New regulatory requirements will increase scrutiny on boards' executive compensation decisions.
Develop 'Flash Foresight'
May 04, 2011
Four principles can lead to flash foresight results.
Credit Union Magazine
September 2014 digital edition
Guide Members to Financial Health
Defining the Social Media ROI Debate
You Can't Freeze Out CU Folks From a Good Fundraiser
Transforming the Branch Manager
Driven to Serve
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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