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We are Our Biggest Competitors: Guest Opinion

By Sherry Reams

What is competition? According to the Business Dictionary it is, a rivalry in which every seller tries to get what other sellers are seeking at the same time; sales, profit and market share by offering the best practicable combination of price, quality and service.

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The More Things Change ... : Guest Opinion

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October 07, 2012

NCUA Examiners Look at the Bigger Picture

WASHINGTON The financial services industry is a risk-taking industry, NCUA Deputy Director of the Office of Examination and Insurance Tim Segerson told CU Enterprise Risk Management trainees during a lunch speaking slot Oct. 1 at the Capital Hilton. Credit unions that dont take risk earn less income, which makes...

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October 07, 2012

Harvard Credit Union Inks Deal on Alumni Cards

A deal announced last week between the Harvard Alumni Association and the 31,000-member $409 million Harvard University Employees Credit Union has guaranteed that at least 4,500 alumni of the university will carry the credit unions credit card.

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October 07, 2012

Charter Oak FCU Steers Shipyard to Smooth Sailing

Jeff Marshall typically starts his days early at the Mystic Shipyard, a 169-year old marina with a history steeped in the construction of schooners and iron-clad ships to sail the waterways of New England.

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October 07, 2012

State of Affairs: Rhode Island Credit Unions Flounder

Despite shedding jobs, cutting pay, trimming benefits, curbing services and expanding the tax base, the state of Rhode Island is in deep financial trouble, and credit unions there are doing their best to stay afloat.

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October 07, 2012

Local Governments Woo Credit Unions as Banks Cry Foul

At a time when its difficult to convert deposits to loans, does it make sense to open the door to an additional flow of money into a credit union?

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October 07, 2012

Post-Boomers Wait Not So Patiently for Corner Offices

A recent CUNA survey found that one in five credit union CEOs will have retired by the end of 2012, causing board members sleepless nights wondering who will take the reins.

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October 05, 2012