Attracting new members, the economy, retaining current members, and adapting programs to new technology are the biggest challenges credit unions face. So says a survey conducted by Credit Union 24 , Tallahassee, Fla. It examines successes and competitive challenges credit unions currently face. According to the report, the top challenges... READ MORE
Who : Randy M. Smith What : CEO, Randolph-Brooks FCU Where : Live Oak, Texas What’s your CU’s member business lending outlook? Our outlook is good. While our loan growth was 17% for the last six months of 2008, it still grew 9% for the first five months of 2009.... READ MORE
For the first time in more than two decades, credit unions experienced an increase in the number of peak borrowers—members age 25 to 44, reports CUNA’s 2009-2010 Credit Union Environmental Scan Report . Credit unions continue to struggle, however, to attract future borrowers—members age 18 to 24. Those numbers are... READ MORE
CUNA Environmental Scan Editor Steve Rodgers explains how credit unions can use this tool in their strategic planning efforts, and describes some of the highlights found in the 2009-2010 edition. Watch now . At Digital Federal Credit Union in Marlborough, Mass., “We view any plan as a roadmap written at... READ MORE
Melvin Edwards : CUs can gain greater influence by speaking as a single global body. Watch an interview with Edwards now . Credit unions' ethical leadership has given them both integrity and strength during the current financial crisis, according to Melvin Edwards, World Council of Credit Unions ( WOCCU )... READ MORE
Focus on your member relationships, take advantage of competitors' weaknesses, and embrace technology investments. Mark Sievewright, senior vice president, Fiserv Inc., Brookfield, Wis., delivered those words of wisdom at CUNA's America's Credit Union Conference & Expo in Boston.
Mary Dunn: Topping the regulatory agenda are regulatory restructuring, top-level changes at NCUA, examination issues, and corporate CU issues. CUNA Deputy Counsel Mary Dunn outlined four critical regulatory issues for credit unions during a morning breakout session Wednesday: 1. Regulatory restructuring. The proposed Consumer Financial Protection Agency is a “glass... READ MORE
John Magill: An ambitious Congress is proposing legislative measures at breakneck speed. A “very ambitious Congress”
is proposing legislative measures “at breakneck speed,” John Magill, CUNA's senior vice president of legislative
affairs, told attendees of a breakout session Wednesday morning. Two areas--credit card reform and the housing bill that contains...
Next year will be a pivotal one on the credit union regulatory scene, NCUA Executive Director David Marquis told a Wednesday morning breakout session on legislative and regulatory issues during the America’s Credit Union Conference & Expo in Boston. Dave Marquis: NCUA's corporate CU rulemaking will be proposed this fall. Marquis noted... READ MORE
Author and venture capitalist Guy Kawasaki won over the America’s Credit Union Conference & Expo crowd when he admitted buying his first car from a credit union because the rates were lower. Guy Kawasaki: "The greatest role that life can bestow upon you is to be a revolutionary." “So when... READ MORE