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Strunk & Associates LP

Marc Paine
Phone: 281-440-1440
Fax: Fax: 281-440-1499
14614 Falling Creek Drive, Suite 110
Houston TX 77068-2942
www.strunklp.com
In business since 1976, Strunk & Associates LP is a financial advisory service recognized nationally for its innovative design, development, and implementation of the original Overdraft Privilege Service Program. Strunk & Associates currently provides non-interest income solutions to nearly 2000 clients throughout the United States and the Caribbean.
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June 13 Cover

Credit Union Magazine

• June digital edition

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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