No, we're not "tip-toeing through the tulips" with the Publisher/Editor-in-Chief of CU Times -- although, that would be quite a sight, indeed. We are actually discussing one of Sarah Cooke's recent columns ("Let 2015 Be the Year of Seed Sowing") about our industry's small credit unions not growing. According to Sarah's column, a whopping 54% of credit unions' memberships actually have decreased -- instead of all the "membership increase" news we've received over the last couple years. It's definitely and eye-opener that doesn't bode well for smaller credit unions, which are now classified as $100 million by the NCUA. Sarah explains one scary scenario that these credit unions keep going back to the same daisy time and time again, plucking off petals until there are none left (hence our title). In other words, they are trying to repeatedly gain new business from established members who have already provided all the business they can. Once this happens, then what? Sarah has the answer. We also discussed the CFPB going after payday lenders, which could, according to Sarah, hurt credit unions. What? Don't worry, she clarifies this circumstance. In addition, we discussed how more regulations with overdrafts and mortgage lending in 2015 will, again, affect our smaller credit union brethren. How do we help them? We bounce around a few possible solutions. We finish on kind of a high note, talking about the potential growth opportunities within the industry. But, unfortunately, many credit unions being "pruned and over-fertilized" by regulators may stifle it this year. A must-see this episode is, so don't miss it! Visit: cutimes.com Short on time? Watch the trailer below... Many thanks to our mighty fine sponsors... In part 1 of our 4-part series on how credit unions can combat account takeover fraud, Q2's SVP/Chief Security Officer Jay McLaughlin discusses how this type of fraud has evolved over the years, what credit unions can do about it, and how Q2 fits into this picture. Check it out and stay tuned for part 2 next week when we address how "layered defense" can keep the fraudsters at bay. (4:25 min.)
Visit: www.q2ebanking.com Spoken from the vocal chords of a true, self-proclaimed Millennial, we discovered the key that unlocks the elusive mystery for credit unions to attract and retain this all-important, younger demographic for future success. We received this valuable advice gem from weCU2's Sarah Timmins and Victor Corro (roll your Rs, please), as they explained their new, Millennial credit union venture that has partnered with WOCCU -- making it a truly international effort. Sarah and Victor describe weCU2 as a "digital coffee house" loaded with videos, blog posts, life advice, and other related content for young members and consumers to collaborate and share with each other that ultimately spreads the word about credit unions. In addition, we spoke about weCUs's relationship with WOCCU, how the organization benefits credit unions, and its upcoming goals. Check it out and help support weCU2 in its efforts to foster our industry's "member succession plan." Visit: weCU2.org Short on time? Watch the trailer below... Many thanks to our mighty fine sponsors...
Yes, it's early February and most of us have already broken our New Year's resolutions -- probably the financial ones, too. So we invited The Today Show's Financial Editor Jean Chatzky back on the show to provide credit unions -- and all of us for that matter -- with some practical money saving tips for 2015. Here are some of the items we discussed: -- 52-Week Savings Challenge -- Avoid ATM fees and high credit card rates -- Delink your savings account -- What to do with all that cash you're saving at the gas pump -- Saved Plus app -- 401k advice There's plenty more money talk in this episode with Jean, so don't miss it. Also, check out her website and sign up for her newsletter for more financial tips that will help all us gain a firm financial footing this year. Visit: jeanchatzky.com @JeanChatzky Many thanks to our mighty fine sponsors... The term "Big Data" was thrust upon us a few years ago, hitting us like a Rob Gronkowski haymaker in the waning seconds of the Super Bowl. At that time we had all this consumer data, but what do we do with it? Fast forward a few years later and we've learned pretty quickly and effectively what do with this information, as the usage of Big Data continues to evolve -- allowing credit unions to provide more refined products and services for enhanced value. To get the inside scoop on how today's Big Data has evolved, we invited OnApproach's Founder and CEO Paul Ablack on the program to divulge his expertise in this area. Paul not only provides great insight on this information evolution, but he also gives us a couple of eye-popping examples of how credit unions are benefiting from this customized content. Really good stuff here. Paul also discusses why Big Data is more important now than ever, along with are credit unions overall using it effectively, and what's next for credit unions leveraging this increasingly precise information. Again, a great discussion for lenders, marketers, operations, C-suite, and more. Check it out! Visit: onapproach.com Short on time? Watch the trailer below... Many thanks to our mighty fine sponsors...
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Mike Lawson, HostMarried to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple. Categories
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