PayThink

With more than six million homeowners foreclosed on in the past three years, and an estimated three million headed there this year, it's hard to see where the buyers will be for all of the homes coming back onto the market. Giving defaulted borrowers a second chance at homeownership, as some mortgage executives are lobbying the goverment to do, might help absorb this inventory.

It's always been one of the ironies within credit unions that the poorest job of marketing is done by marketing departments themselves.

CU managers constantly seek ways to increase productivity within their existing branch operations. But before addressing productivity, there are a couple of key points to consider.

At least one community banker was unimpressed with Federal Reserve Chairman Ben Bernanke's defense of the central bank's oversight of holding companies and state banks.

Everyone’s talking about the forthcoming sequel to “Wall Street,” but the new movie that may best capture public sentiment about the current financial crisis is a work of science fiction.

Banks like Citigroup have invested heavily in mobile payment technology, but what if their clients don't share their enthusiasm?

Not for profit, not for charity, but for service. Reportedly first uttered by the treasurer of a Midwest credit union around 1935, the nine words are designed to represent the core character of the credit union business model.

In light of the complexity of today's financial environment, it's time to move to the next level. Enterprise risk management (ERM) is coming fast. Are you prepared?

Believe it or not, this is the perfect time for credit unions that have sold their credit card portfolios to reenter the business.

Over at Reuters, Felix Salmon is touting another kinder, gentler version of overdraft protection that he says is standard in the U.K. There are no fees, just daily interest on the overdrawn amount. Salmon says U.K. banks treat this as a "negative balance" on customers' checking accounts. As a result, if you deposit more than that amount into your account, the overdraft automatically disappears.