Looking over the last 12 months, what has happened to your credit union’s net interest margin? If yours is like most credit unions, the answer is it has declined. Competition for loans and low interest rates continue to erode yield on assets. Cost of funds has declined but (for most places) not enough to completely […]
For many credit unions, the margin continues to be squeezed and loans as a percent of assets continue to decline. For these and several other reasons, strategic allocation of financial and human resources becomes more important every day. Focusing on things that are in the credit union’s control can be very beneficial. We feel that […]
/images/White-Logo.png00Charlene Leland/images/White-Logo.pngCharlene Leland2011-12-02 13:36:192021-01-25 15:32:46From January 2010: Effective Project Management Can Improve The Bottom Line
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 […]
Over the past 20 years, c. myers has worked with many credit unions of varying sizes, and during that time, we have watched credit unions thrive based on a few key factors. Below is a quick list of observations we call the 6 Keys to Credit Union Success: 1. Strategic Clarity: Successful credit unions know: […]
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 […]
/images/White-Logo.png00Charlene Leland/images/White-Logo.pngCharlene Leland2011-11-03 10:30:342021-01-25 15:32:46Lessons From Bank of America’s Scrapped Fee
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Perfecting The Process
Process Improvement Blog PostsLooking over the last 12 months, what has happened to your credit union’s net interest margin? If yours is like most credit unions, the answer is it has declined. Competition for loans and low interest rates continue to erode yield on assets. Cost of funds has declined but (for most places) not enough to completely […]
From January 2010: Effective Project Management Can Improve The Bottom Line
Strategic Implementation Blog PostsFor many credit unions, the margin continues to be squeezed and loans as a percent of assets continue to decline. For these and several other reasons, strategic allocation of financial and human resources becomes more important every day. Focusing on things that are in the credit union’s control can be very beneficial. We feel that […]
Student Loan Debt Expected To Top $1 Trillion
ALM, Consumer Behavior and Technology, Strategic Planning Blog PostsAccording 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 […]
6 Keys To Credit Union Success
Strategic Planning Blog PostsOver the past 20 years, c. myers has worked with many credit unions of varying sizes, and during that time, we have watched credit unions thrive based on a few key factors. Below is a quick list of observations we call the 6 Keys to Credit Union Success: 1. Strategic Clarity: Successful credit unions know: […]
Lessons From Bank of America’s Scrapped Fee
ALM, Consumer Behavior and Technology Blog PostsBank 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 […]