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Colleen Kelly

Colleen Kelly

Articles

ARTICLES

Mortgage Lenders Prepare For June 1

Three Reg Z changes precede an avalanche of CFPB rules to implement next year.
April 1, 2013
Colleen Kelly and Valerie Moss
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The bulk of the new mortgage rules won’t take effect until next year
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Nonresident Alien Reporting

Update policies and procedures to comply with this new rule.
December 21, 2012
Colleen Kelly
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The rule goes into effect just weeks from now, on Jan. 1, 2013.
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Advice From the Compliance Front Line

You’ve just been promoted to compliance officer. What do you need to know?
December 11, 2012
Colleen Kelly
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Top 10 list of must-do suggestions from credit union compliance professionals.
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June 13 Cover

Credit Union Magazine

• June digital edition

June 2013

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Reach the Underserved

Recent Discussion

We utilized this product for a few months right now, but it doesn't seem to have much value in comparison to our other online tools. Good concept, works well. It just seems that our membership is not interested.

You make a good point, Wally. I should have caught that one. I'll take that out tidbit.

According to the article, "Bankrate.com examined 56 high-yield checking accounts...and found the average annual percentage yield (APY) to be 1.64%—nearly 33% higher than the average interest-bearing checking account (0.05%)." By a show of hands, who thinks a 1.64% APY is only roughly 33% higher than a 0.05% APY? Hmmm...

Steve, As always, the E-Scan provides key strategic insights for credit unions to consider. When it comes to reaching Generation Y (trend number 10), one of the best things credit unions can do is to target mom and dad. Research indicates that most young people start their first "bank" experience where their parents recommend. So to reach Gen. Y, go after mom and dad. Mark

Ed, this is correct: 100% is a 1-to-1 relationship, not 1%, which is a 1 to 100 relationship.

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