Learn how you can better prepare for this year’s examinations; your question answered about contracts for third party services; plus this week’s legal briefs.
Student debt has become Millennials’ financial Achilles’ heel. True to their mission, credit unions are aligning with Millennial members to consolidate student loans and create a path to financial strength.
See all the NWCUA’s compliance resources; your question answered on contracting third party vendors; plus this week’s legal briefs.
“Selling insurance is exactly like selling Victoria’s Secret products.” Find out why at Amplify Convention, and learn how credit unions can deepen member relationships by taking a retail approach.
How does Verity Credit Union’s Jeremy Sankwich, the winner of the NWCUA’s Emerging Leadership Scholarship Contest, sum up the program’s first three-day session? “Woo-hoo!”
The Office of the Comptroller of the Currency recently released updated guidance for national banks and federal savings associations for assessing and managing the risks associated with third-party relationships. The guidance does not directly apply to credit unions, but they still may find it useful.
What do we need to do when contracting with a third-party vendor?
According to Richard Kansky, president of Green Acres Landscape in Salem, Ore., his relationship with Valley Credit Union has been the key to helping his business survive the recession: “It is so important to be able to sit across the table from someone who understands your business needs and has the authority to address those needs,” he said.
Credit unions need comprehensive business purchasing options without sacrificing individualized attention. STCU is just one example of a credit union that has benefitted from its relationship with OfficeMax, a Strategic Link business partner.
Community banks have teamed up to offer a product that credit unions have used successfully for decades to attract consumers to a banking relationship. High-yield checking accounts are bringing smart consumers through the doors.
Credit unions are not top of mind for most television reporters covering consumer and financial news. But given our knowledge and resources, we should be. Building the right relationships could land your credit union in a positive spotlight.
Seattle Metropolitan Credit Union announced that Richard Romero, currently the COO of Los Angeles Firemen’s Credit Union, will take over as the new President and CEO. He replaces Bob Harvey, who retired in July 2011.