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Articles by James Collins
Take My Life…Please
Ten easy steps to serve crooks your identity on a silver platter.
April 26, 2013
'Perhaps rather than telling members what not to do, we should take the difficult ones and tell them the opposite of what we want them to do.'
Seven Reasons to Play
If your CU decides to have a social media presence, get used to a lack of control.
April 9, 2013
Social media marketing has been the bane of many organizations.
Regulations We’d Rather Not See
We all hope these regulatory predictions don’t come to pass.
April 7, 2013
These are the regulations that make credit union CEOs as neurotic as hypercaffeinated squirrels.
Ten Loan Ideas for 2013
They’ll come in especially handy if we stay stuck in this low-rate environment.
February 19, 2013
Economists have predicted credit union loan growth to be about 5% in 2013
‘Want Some Basel in Your Soup?’
How about a new minimum capital requirement of 10.5%, or even 13%?
December 18, 2012
When I first heard of Basel III, I thought it was a genetic mutation of a plant I often put on homemade pizza.
Be Sure to Plan for the ‘Outlier’
Prepare Plan A for likely economic conditions, and Plan B for unforeseen circumstances.
December 3, 2012
Economists’ predictions represent the most likely scenario—one that’s highly likely to be...wrong.
The Dangers of Mobile Multitasking
When it comes to tech decisions, don’t always default to the least expensive option.
November 27, 2012
To make your mobile platform decision, you must analyze highly complex and technical options.
The 10 Fee Commandments
Sometimes fees make sense; other times they simply don’t.
September 24, 2012
CUs everywhere are looking for new sources of income.
Hitchhiking Through the Virtual Universe
Tread carefully through the maze of bugs, fixes, patches, and upgrades.
September 23, 2012
A column about credit unions and the book “The Hitchhiker’s Guide to the Galaxy."
How to Avoid Labor Litigation
Document everything, and find a good labor attorney.
August 31, 2012
Legal actions have exploded in recent years in both private and class-action lawsuits.
Credit Union Magazine
September 2014 digital edition
Membership Growth Strategies
Attention CU Bean Counters: Employee Happiness Adds Up
Money Machine Grabs Shoppers' Attention
Four ‘Must Haves’ for Mobile Pay Technology
When Lightning Strikes
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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