c. myblog

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 […]

September 1, 2011

Are New Members Different?

These are challenging times for financial institutions but it’s tough for individuals too.  Setting aside employment woes, managing personal finances has become especially difficult with the stock market in flux and dismal returns on deposits.  As financial institutions shift strategies to adapt to the environment, customers are reacting by looking for a better deal.  A […]

July 20, 2011

Back In The Subprime Game

In a recent issue of the Wall Street Journal, Lewis Ranieri—once known as the father of mortgage finance—said it is time for nontraditional lenders to enter the market, bringing with them a return to subprime lending.  Ranieri said “the pendulum has swung too far in the other direction,” meaning that lending standards were once too […]

Start typing and press Enter to search