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Items Tagged with 'regulators'
2014 NACUSO Annual Conference
NASCUS Chair: Regulators Should Address CUSO Function, Not Safety
Rather than direct CUSO oversight, regulators should focus on CUs’ due diligence.
April 15, 2014
‘We don’t need to regulate CUSOs, we just need to understand how they work.’
CUs’ Regulatory Burden Will Be Our Focus
Survey results on CUs’ exam issues will guide us in working with regulators.
February 18, 2013
We’ll urge Congress to exercise greater oversight on regulatory issues—to ensure accountability for agency actions.
Regulatory ‘Pendulum’ Will Continue to Swing
Financial crisis has resulted in more stringent regulatory oversight worldwide.
July 27, 2012
Both regulated and regulator agree the right balance can be difficult to find.
CUNA Aims to Ease CUs’ Reg Burden
CUs are overwhelmed, and CUNA wants regulators to know it.
December 1, 2011
Any new requirements that may emerge over the horizon will only add to the load CUs already must shoulder.
ALM Goes to the Front of the Line
Regulators are coming down on CUs that don't do thorough ALM.
November 26, 2010
For most credit unions, asset/liability management (ALM) has been a “get in line” topic: Get in line behind security, marketing, loan origination and tracking, member relationships, and a host of other pressing matters.
Raising the Board Bar
CU boards worldwide will face higher standards.
September 29, 2010
Following the calamities on Wall Street, regulators worldwide are taking a closer look at governance.
Credit Union Magazine
September 2014 digital edition
Membership Growth Strategies
Q&A: How Technology Shapes CU Branch Design
Q&A: Staff Functionality Dictates Modern Branch Design
Four ‘Must Haves’ for Mobile Pay Technology
Money Machine Grabs Shoppers' Attention
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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