When the hand that feeds you starts feeding themselves

Warning: Slight technical discussion ahead follow by shallow stabs at credit union marketing.
Google announced today their new Google Public DNS service.  For those not in the know, recursive DNS, which is what Google is offering, is simplistically a phone book.  It translates “Mr. and Mrs. Johnson” to 800-555-5555.  Applied to the internet, it translates cuemployee.com [...]

Take down by the FDIC

TDECU’s Safe & Sound page has been killed by the FDIC.  Here is a link to the cached page and the site now redirects to their normal site.  I can see how this may be a sensitive topic to some, but regardless, it is good to discuss it and any implications it may bring for [...]

Welcome to communism

We are seeing our free market capitalism disappear before our eyes.  
SEC bans short-selling
Fed takes control of AIG
Treasury set to bail out Fannie Mae, Freddie Mac
The founding ideals of our country are so closely tied to the basic premise of credit unions (member-owned, democratically controlled) that I now can see how credit unions will be [...]

Stick figures explain the subprime meltdown

WARNING: Great presentation, but uses a little vulgar language.  And you may need to view it fullscreen @ SlideShare to read it.

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I'm a millennial/Gen Y and proud of it!

Last night 60 Minutes aired a piece on "Millennials", people born between 1980 and 1995 (aka Gen Y), entering the workforce and what complete junk. 
Apparently we are self-absorbed and we need to learn how to use a knife and a fork.  I don’t know about you guys, but I never had my parents speak to my [...]

50 and 50

The Fed just dropped the discount window another 50 bps and the fed funds rate 50 bps.  The 50 bps drop in the funds rate was quite a surprise and the Dow jumped nearly 200 points immediately. 
Credit unions now need to carefully observe their balance sheets and manage appropriately if they are asset or liability [...]

Mmm, Cake… Cake Financial that is

Cake Financial has launched their public "alpha" today at TechCrunch40.  Bringing a new spin to social networks, Cake enables investors to track their performance next to their peers, their friends, and other investors.  By automatically plugging in to most of the major brokerages, Cake can automatically retrieve your holdings for up to ten years and track [...]

Switching banks…

Addressing pain points for consumers is always a great way to launch a successful business and the new BankSwitcher is doing just that.  BankSwitcher analyzes consumers’ checking accounts for direct deposits, automatic payments and the like to determine what exactly needs to be switched by using Wesabe’s newish free API.  After determining all of the [...]