ATLANTIC CITY, N.J. — As credit unions are looking for bigger and better revenue strategies, the sales-service philosophy is becoming increasingly important.
The saying goes, “Behind every great man is a great good woman.” Undoubtedly true our female readers will agree and most of the men when they receive the head-cocked, one eyebrow arched, steely-eyed glare from their female colleagues, mothers, sisters or significant others. You know the one.
The NCUA is making efforts to streamline that can often go unnoticed when so many other compliance issues have been hitting credit unions. Some, such as Dodd-Frank requirements, are beyond the agency’s control. Others like the CUSO and participations rules are seemingly in perpetual limbo, lurking in a corner for...
Is the NCUA is throwing good money after bad?
Years ago before my time in credit unions, CUNA and NAFCU decided one would hold its Governmental Affairs Conference at the beginning of the congressional session and NAFCU would target the end. The lines have blurred some and lobbying receives more emphasis on the whole.
It's not that the issue isn't important. It's just that it's politics.
In the aftermath of the NCUA’s release of second-quarter data, several interesting pieces made their way to my inbox last week. One analysis that stirred quite a bit of debate came from The Financial Brand, stating that if current merger and closure trends continue, there will be half the...
The only way to change the trend is to increase the relevancy at the lagging smaller credit unions (and a couple of the larger ones, too) that members apparently feel are irrelevant.
As Credit Union Times was going to press last week, Hurricane Isaac was bearing down on the Mississippi Gulf area. We are hopeful that credit unions and their employees stay hunkered down and safe through this stressful time. Like the rest of the country, we’re awaiting reports back from colleagues,...
Credit Union Times has closed for the Labor Day holiday. The site will be updated with breaking news as warranted. We will reopen Tuesday.