ARTICLES

CUNA Economists See Reasons for Optimism

Economists recently updated their 2014 economic forecasts—and the news is good for CUs.
March 1, 2014
Bill Hampel, CUNA’s chief economist, discusses what’s behind the positive forecast.
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Leading Edge

Economy Dodges Bullet but Deficits Loom

CUNA's chief economist gives his take on the budget standoff and the prospects for deficit reduction.
December 12, 2013
The federal government shutdown and budget debacle this fall led to a near miss for the U.S. and world economies.
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Trendlines

The End of Assessments?

A corporate stabilization assessment might be unnecessary next year.
September 1, 2013
The good news is that the assessment is on the low end of the projected range of 8 bp to 11 bp.
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Most Stabilization Costs Behind Us

The light at the end of the tunnel, however, is probably a few years away.
June 11, 2013

 The 2012 financial statements for the Temporary Corporate Stabilization Fund provide some sobering but promising information. 


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Trendlines

Earnings Back to ‘Normal’ Range

ROA should reach 90 bp this year, but small CUs continue to struggle.
March 7, 2013
Average net income for credit unions in 2012 will be about 90 basis points of average assets.
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Trendlines

Falling Off the Fiscal Cliff

If Congress doesn’t act, current provisions would take $600 billion out of the economy.
November 11, 2012
The aftermath of last year’s debt ceiling impasse in Congress will be $100 billion in automatic spending cuts.
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A Pause or a Reversal?

The economy takes two steps forward and one step back.
July 1, 2012
There is concern that the economy will stall in mid-2012 as it did the previous two years, at least in terms of job growth.
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Bank Transfer Season Rolls On

By any measure, Bank Transfer Day has had a notable effect on membership growth.
April 1, 2012
As large banks announced dramatic fee increases on debit card accounts, a social media-inspired call to consumers to transfer accounts from large banks to CUs drew significant attention.
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The Tail of Bank Transfer Day

This could be the beginning of Bank Transfer Season.
January 2, 2012
The effects of Bank Transfer Day are likely to be long-lived for credit unions in a very positive way, if we can take advantage of it.
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Loosening the Purse Strings

CUNA’s economists forecast loan growth of 2% this year and 5% next year.
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.
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Great article! Unfortunately, most employees don’t feel valued or appreciated by their supervisors or employers. In fact, research has shown that the predominant reason team members quit their jobs is because they don’t feel valued. This is in spite of the fact that employee recognition programs have proliferated in the workplace – over 90% of all organizations in the U.S. has some form of employee recognition activities in place. But most employee recognition programs are viewed with skepticism and cynicism – because they aren’t viewed as being genuine in their communication of appreciation. Getting the “employee of the month” award, receiving a certificate of recognition, or a “Way to go, team!” email just don’t get the job done. How do you communicate authentic appreciation? We have found people have different ways that they want to be shown appreciation, and if you don’t communicate in the language of appreciation important to them, you essentially “miss the mark”. Additionally, employees need to receive recognition more than once a year at their performance review. Otherwise, they view the praise as “going through the motions”. A third component of authentic appreciation is that the communication has to be about them personally – not the department, not their group, but something they did. Finally, they have to believe that you mean what you say. How you treat them has to match the words you use. If you are not sure how your team members want to be shown appreciation, the Motivating By Appreciation Inventory (www.appreciationatwork.com/assess) will identify the language of appreciation and specific actions preferred by each employee. You then can create a group profile for your team, so everyone knows how to encourage one another. Remember, employees want to know that they are valued for what they contribute to the success of the organization. And communicating authentic appreciation in the ways they desire it can make the difference between keeping your quality team members or having a negative work environment that everyone wants to leave. Paul White, Ph.D., is the co-author of The 5 Languages of Appreciation in the Workplace with Dr. Gary Chapman.

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