Items Tagged with 'checking'

ARTICLES

CU Member Loyalty Rises at Banks’ Expense

Nearly 60% of members say a CU is their primary financial institution, up from 42% in 2009.
August 2, 2013
Financial crisis triggered many consumers to move their business from banks to CUs.
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Fee or Free? Let Members Choose

Four-part ‘fee avoidance’ strategy helps CUs develop strong member relationships.
July 19, 2013
‘Menu-based’ pricing helps CUs generate income in a fee-averse environment.
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High-Yield Checking Alive and Well

But these accounts pay less than they used to.
June 10, 2013
The average APY for high-yield checking accounts is 1.64%, survey says.
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'Naked Checking' Strips Away All Fees

Kansas CU scores with G-rated campaign that tugs at pet lovers' heartstrings.
June 10, 2013

CEO Lee Williams believes in pushing the envelope to distinguish Central Star from the competition.


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CU Hero

Stretch the Boundaries

 ‘True success is by design, and measured by the good it does for others.’
September 1, 2012
Tarrant County Credit Union CEO Lily Newfarmer is a Credit Union Hero.
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Far More CUs Than Banks Offer Free Checking

Only 45% of banks offer free checking options vs. 72% of CUs.
August 15, 2012
Interest-bearing checking accounts at banks often come with staggering minimum balance requirements.
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Fee or Free

It’s a delicate balancing act as CUs try to generate income without annoying members.
July 1, 2012
Credit unions benefited from the bankers’ misstep on fees, garnering hundreds of thousands of new members.
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Grow Wallet Share With Predictive Selling

Consumers aren’t borrowing, but they’ll refinance if offered a good deal.
April 1, 2012
CUs need to shed old mindsets and embrace sales as a way to serve members.
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Checking Account Make-Up is Changing

Tiered interest checking has declined 4.7% since July 2009.
June 6, 2011

Checking account types with greater fee potential are on the rise, since the end of the recession, while “standalone” accounts have declined.


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Half Would Switch if Fees Increase

April 7, 2011
Raising checking account fees would cause 51% of consumers to shop around.
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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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