Every single day your team is affecting lives. This is NOT a “pick up your paycheck on Friday” kinda job. We deal with numbers, but this is not cold math.
It is time that we remember who we are as credit unions and what we stand for. It is time to revisit our core principles and value and advocate how credit unions have made America and Americans financially stronger. It is time to stop apologizing for our desire to grow credit unions and give more people the opportunity to join credit unions.
Mention the word “payments” to credit unions and the response isn’t a whole lot different from what happens when you use the word “walk” within hearing range of your dog; lots of jumping up and down and tail wagging and sheer-out-of-its-mind-even-though-we-did-this-a-few-hours-ago excitement, but in this case over mobile devices and digital wallets and Apple Pay.
The 1970s were a turning point in consumer credit. National credit bureaus made it easier for lenders to check the ability of individuals to meet their obligations.
One of the roadblocks we often see with credit unions is that they do not have quality data that is necessary for the analysis process. The key is to incorporate data management strategies that ensure a credit union has quality data for analysis
In the 1920s, with increasing wages and credit now available to many households, the United States became the world's first mass market.
Two philanthropists played significant roles in the effort to make small loans more affordable to working people: Margeret Olivia Slocum Sage, also known as Mrs. Russell Sage of New York, and Edward A. Filene of Boston.
The easiest and quickest source of credit for the poorest households in the 19th and early 20th century was the pawnshop. An article of clothing or some other object could be pawned for cash and later redeemed.
In 2012, Whitefish Credit Union decided to take a slightly different approach to connect with area high school students by starting a Junior Board of Directors.
Lisa Critchfield of Upworthy.com recently told CO-OP’s THINK Conference that when it comes to social media, the biggest misunderstanding is that it isn’t about the media, it’s about the social. Or, at the very least, the desire to be social.