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The Wheels on the Bus Go ‘Round and ‘Round…
October 24, 2011
We’ll take a spin through more recession takeaways, fly over some employer trends, chug through some fraudulent facts, and cruise by the latest retail news...
Let's Play Ball!
October 23, 2011
On deck this week: The interrelation of productivity, wages, and marriage—as seen through the lens of major league baseball.
Checking Fees, Housing and Retirement…Oh, My!
October 10, 2011
This week's Roundup examines fees, employment news, consumer spending reports, retirement considerations, housing, and more.
Higher Education, Income No Guarantee Against Bankruptcy
September 30, 2011
Institute for Financial Literacy releases annual consumer bankruptcy report... plus more research findings.
Why Do Consumers Switch PFIs?
September 18, 2011
In 2011, 8.7% of consumers had changed their primary financial institution within the previous 12 months.
House Prices Fall 0.6% in Second Quarter
August 25, 2011
Bucking this trend are the New England and West South Central regions.
Loosening the Purse Strings
August 22, 2011
The recent pause in economic growth has caused many to wonder whether the economy might be headed for a double-dip recession.
Rates & Ratios: Mortgages Lead June Loan Growth
August 08, 2011
CU loans outstanding increased 0.3% during June 2011 compared to a 0.4% increase in May 2011, according to CUNA’s economics and statistics department.
CARD Act Holds Down Rates and Fees
July 21, 2011
Consumers are seeing fewer late fees, eradication of over-limit penalties, and minimal changes to annual fees since the CARD Act's passage.
Rates & Ratios: CU Loans Grow 0.4%
July 15, 2011
Unsecured personal loans led loan growth, followed by credit card loans, adjustable-rate mortgages, used auto loans, and fixed-rate mortgages.
Credit Union Magazine
July 2014 digital edition
Regulators Focus on Interest-Rate Risk
A Social Media ROI Success Story
Where Does it All Go?
‘Always Know and Listen to Your Customers’
Happy 25th Birthday, Filene!
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
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.
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