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» CU Data
What a character!
December 05, 2011
Your CU makes an impression on members with its attitudes, knowledge, outreach, expertise, and reputation.
The View from Three-and-One-Half-Inch Heels
December 01, 2011
Don’t let your CU miss the opportunity to challenge members’ and the public’s expectations of what you have to offer.
Consumers Continue to Feel Sting of Recession
November 25, 2011
Only 19% of consumers report improved finances, while nearly 40% report declining financial conditions compared to last year.
Rich in Thanks
November 21, 2011
Despite pervasive economic unpleasantness, we still have much to be thankful for this holiday week.
Won’t You Be My Neighbor?
November 20, 2011
Financial trends reveal neighborhood changes with increased income disparity and new family lifestyle choices.
CUNA Mutual Reports Strong Financials
November 17, 2011
Despite continuing economic pressures, CUNA Mutual Group posted a strong performance in key financial measures through the third quarter of 2011.
I Like Dreamin'
November 14, 2011
Is the American dream turning into a nightmare?
CU Membership, Deposits Spike as Bank Transfer Day Approaches
November 03, 2011
CUNA estimates at least 650,000 consumers have joined CUs since Sept. 29, when Bank of America implemented its now-rescinded $5 monthly debit card fee.
Rates & Ratios: CUs See Sixth-Straight Month of Loan Growth
November 01, 2011
CU loans outstanding increased 0.04% during September 2011—their sixth-consecutive month of positive loan growth.
Tricks or Treats?
October 31, 2011
Halloween week research fills your plastic pumpkin with treats in retirement planning, tricks in unemployment, health-care trends for your mummy, and a final scary thought...
Credit Union Magazine
July 2014 digital edition
Slide Show: The Daily Duties of a Home-Based CU Manager
Regulators Focus on Interest-Rate Risk
Where Does it All Go?
A Social Media ROI Success Story
Happy 25th Birthday, Filene!
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
I would respectfully disagree that transactional data is a good place to start. In my opinion, relationship data is a much better starting point. Transactional data tends to require more "mining" of thousands/millions of transactions to identify opportunities or threats. Relationship data, however, involves identifying and profiling your high-value relationships (those profitable relationships with multiple products/services, for example) and leveraging that information to attract/cross-sell similar members. Generally involves a bit less effort and quite a bit higher return.
Congratulations on a fine article. Perhaps the best advise is unsaid but exemplified throughout the article - namely avoiding the use of the term "Financial Literacy." The term is insulting and counterproductive because it implies that those who take the training are "Illiterate."
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