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Strohl Systems

Rob Good
Phone: 800-634-2016
Fax: Fax: 610-768-4135
631 Park Avenue
King of Prussia PA 19406
www.strohlsystems.com
Strohl Systems provides tools to build business continuity plans, practice for disruptions, and prevail over disasters. Strohl's Internet-based PLANet, designed specifically for community financial institutions, enables users to build and maintain plans quickly and easily. PLANet builds plans that help you meet FFIEC and NCUA requirements. Visit www.planetstrohl.com or call 800-634-2016.
CUNA Contact: Tom Lybeck
CUNA Phone: 800-356-9655, ext. 4109
CUNA Email: tlybeck@cuna.com
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June 13 Cover

Credit Union Magazine

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June 2013

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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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