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When I travel around the country and speak at conferences, one question I always get asked by credit unions is: “What are the hot examination issues this year?” Recently, I moderated a webinar with NCUA staff squarely on this topic. Two issues were discussed: the evaluation of third party relationships and strategic planning.
February 29
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The issue on everyone’s mind today: Growth. Credit unions of all sizes, CUSOs, and even consultants and vendors serving the credit union industry are all wrestling with the struggle to grow. I am not going to recount overall industry growth rates or trends in the financial services industry. The growth challenge is most acute at the personal, individual credit union level among credit union CEOs, board members, branch managers and marketing people. Everyone is feeling the heat.
February 29 -
Bachelor’s degree required, MBA preferred.”
February 29 -
It’s no secret that credit unions are the only financial institutions that cannot raise capital outside of retained earnings. However, some may argue that there is no need for credit unions to raise additional forms of capital because credit unions are well capitalized and there is no crisis calling for alternatives.
February 29 -
The story about a member depositing methamphetamine into an ATM instead of cash raises concerns about risks arising from contaminated or unhealthy materials being deposited into ATMs, possibly exposing employees to unhealthy substances (CU Journal, Feb. 18). In opening up a deposit envelope like the one in this story, would airborne particles of illegally-refined meth pose a serious health hazard to the cashier servicing the ATM? What if the deposit was enclosed in a plastic zip-lock bag damaged during insertion into the ATM?
February 25 -
Someday, some smart person will coin a phrase that goes something like “what goes around comes around” or “those who don’t learn from history are doomed to repeat it,” or sayings to that effect. And someday those two scenarios will intersect.
February 25 -
Recently, U.S. Central has received its share of headlines regarding our financial performance during 2007 and the impact it has had on our debt ratings from Standard & Poor’s (S&P), Moody’s and Fitch. But despite these headlines, one point remains clear: As the only wholesale corporate credit union, U.S. Central is an important investment alternative and liquidity provider to its member corporates.
February 25 -
As a CEO, I am shocked to hear that so many credit unions are on the financial ropes, even in a taxless environment.
February 25 -
Recent Credit Union Journal articles reporting negative earnings for some credit unions in California are missing an important perspective. California credit unions, with more than 11% capital, are well positioned to manage the effects of the current economic downturn, and the amount of losses reported represent only a small percentage of total assets for most credit unions.
February 18 -
Although not-for-profit, “service-profit chain” analysis can and should be utilized in credit unions for the same reasons many other industries have implemented the strategy.
February 18
