c. myblog

January 20, 2011

When Will Loan Demand Pick Up?

This is the question at the forefront of many people’s minds—particularly as loan balances continue to decline and deposit costs move closer to their floor.  It’s a great question but impossible to answer with certainty.  Since our crystal ball is as cloudy as the next, perhaps a better way to approach the question is to […]

December 17, 2010

Outlook for 2011

As we wrap up 2010, c. myers is interested in the outlook of credit union management teams as they prepare for 2011.   Please take a moment to follow the link below and answer a brief 4-question poll.  Your answers are anonymous and will not be made public.  Thank you for your participation—happy holidays! http://www.cmyers.com/survey/index.php?sid=52415

November 18, 2010

Person-to-Person Payments and the Rise of PayPal

It’s no secret that advanced cell phone technologies have begun penetrating our everyday lives.  Consider that in the third quarter of 2010 alone, 81.1 million Android handsets were sold and 13.5 million iPhones were sold according to International Data Corporation (IDC).  Moreover, according to FierceMarkets, U.S. cell phone penetration reached 101% at the end of […]

November 15, 2010

Do Lower PLL Ratios Mean The Credit Crisis Is Over?

On the surface, recent credit union provision for loan loss (PLL) trends seem encouraging; industry-wide through second quarter 2010, the ratio of PLL to average assets has declined by 31 basis points to an annualized ratio of 0.81%.  However, delinquencies and charge-offs as a percent of loans have only decreased by 11 basis points and […]

October 15, 2010

The New Word of Mouth: Revolutionizing How Younger Members Find You

Nobody will argue that the way we search for information over the last 10 years has changed dramatically.  Gone are the days of bulky Yellow Pages and encyclopedias; if someone—especially the younger generation—wants information, they turn to search engines.  According to the Pew Internet & American Life Project (January 2009), 87% of Gen Y use […]

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