c. myblog

October 4, 2012

Not All Growth Is Good

According to a recent Wall Street Journal article (‘Free’ Checking Costs More, 9/24/12), “free” checking accounts are on the decline. The article cites a Bankrate survey of banks indicating that just 39% of non-interest checking accounts are free to all customers, down from a peak of 76% just a few years ago in 2009. Banks […]

November 18, 2011

Student Loan Debt Expected To Top $1 Trillion

According to recent news articles, outstanding student loan debt is expected to hit $1 trillion this year for the first time.  Researchers say that Americans now owe more on student loans than on credit cards. As students are borrowing more than ever, the amount of delinquencies is growing too.  Student loan delinquencies (loans more than […]

November 3, 2011

Lessons From Bank of America’s Scrapped Fee

Bank of America announced Tuesday that it would not proceed with its plan to charge its customers a $5 per-month debit card usage fee.  The announcement has been claimed as a victory by many groups, such as the “Occupy Wall Street” movement, but for businesses everywhere, including credit unions, the announcement reinforces some lessons. The […]

October 28, 2011

Survey: Bank Transfer Day

Bank Transfer Day is next week.  Please click here to respond to our survey and let us know what you think will happen on November 5, 2011.

September 9, 2011

Sources of Revenue…Something to Consider

Many credit unions are examining their business models and dissecting their membership in several ways. One example is by age group. The objective is to understand where business is coming from to help ascertain the age groups that contribute the most to the cooperative. Often the focus is on loans and deposits. However, a key […]

Start typing and press Enter to search