Credit Union Management

Credit unions must focus on Gen Y 101--products and services--before they can worry about Gen Y 201, marketing.

"Is mobile banking the trend or is it providing anytime, anywhere access?"

Having more control over operating expenses and fee income may aid credit unions experiencing declines in return on assets and return on equity that are seeking long-term sustainability.

With 41% of members belonging to the baby boomer group, credit union leaders have to change their mindset about what this influential segment demands or risk losing them.

While many directors agree that attracting and retaining younger, more diverse directors with a broader base of backgrounds is a priority, recruitment remains a challenge.

In the current climate of rising delinquencies and tightened regulation, credit unions need to be smarter to find opportunities to improve non-interest income.

More new clients and an increase in asset values have helped one of Northwest Federal Credit Union's subsidiaries reach the $500 million in assets under management mark.

The NCUA has reported it has completed the initial offering of NCUA Guaranteed Notes, investments backed by separate pools of mortgage backed securities.