The American dream of home ownership may have taken a hit over the past few years, but GTE Financial in Tampa, Fla., still wants to build mortgage lending into its plans.
If you think it’s tough trying to pare down your holiday gift list, consider the task faced by credit unions scanning a long roster of deserving causes and deciding who to support.
If a credit union offers voter registration and the law doesn’t allow the registrars to hand out literature from a candidate who’s a good friend of credit unions, for example, why bother?
When CEO Ron Kase joined Landmark Credit Union 39 years ago, he expected it to grow, but he likely would not have wagered it would reach $2.2 billion by the time he retires in January.
If you offer health savings accounts, chances are baby boomers will be familiar with key basics before they approach the credit union.
At a time when it’s difficult to convert deposits to loans, does it make sense to open the door to an additional flow of money into a credit union?
Highway engineers often say you can’t out build traffic. Expand a two-lane road to four and more vehicles come. Add two more lanes and still more motorists arrive.
A sprawling two-story Tudor might suggest that the Greens are up and coming professionals.
Consultants seem to agree that governing a credit union has become more daunting. And the trend toward greater board accountability isn’t likely to go away.
Because credit union boards are members too, they know how they’re treated as members and what they expect from their financial institution. But at the same time, they need to be more savvy than the average member about what’s happening at the credit union.