Archive for Member Money
Is Discover more thrift oriented than credit unions?
So credit unions are supposed to help their members be thrifty and spend their money wisely. That is such an important topic that companies like Jwaala have built software solutions to help CU’s achieve that goal and the Partnership Symposium has invited a guest speaker for that topic. So tell me why I see things [...]
Read moreMy recent CUES article
I finished up an article about how to mine your ACH data to better track and analyze how members spend money for CUES a few weeks back and it has been posted on their Inside Marketing column on their site here.
Read moreYet another Money Merge Account
Stumbled onto CMG Financial Services just now. It appears that yet another mortgage broker-esque company has entered into the One Account aka Money Merge Account space. CU’s have an opportunity here to help mainstream this product, but we’re falling farther and farther behind!
Read moreWalMart in the news about offering financial services
The Financial Times published an article today, “Wal-mart to open 1,000 Money Centers“, providing some details into the major retail chains entry into the financial services market. Although WalMart dropped their ILC plans in March 2007, they’ve decided to utilize pre-paid money cards to get into their customers wallets. WalMart will bring a new level [...]
Read moreGen Y financial status
According to this recent MSN article, the average Gen Y’er (age 20 to 29) has a median household income of $28,000. and a median net worth of $7,900. I suddenly don’t feel quite as bad about my "credit union" salary.
Read moreWhat's an IDA?
I asked the same question the first time I saw IDA. Did someone misspell IRA??? An IDA is an Individual Development Account and it is an initiative the state of Oregon kick off a few years ago through The Neighborhood Partnership Fund. The fund lists three main goals: Oregon’s communities will thrive while meeting the [...]
Read moreAnother great savings tool
A new, non-profit group promoting member savings… America Saves
Read moreEpiphanies and IRA’s
A few months back while we were planning out our deposit strategy for 2007 and 2008, I just rattled an idea out of my head. No clue where it came from, but I just blurted it out. Why does our IRA rate suck? (That wasn’t my idea, just my observation.) The average life of one [...]
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