Archive for Numbers
Updates to Numbers
We’ve had a great response so far to the Numbers beta and we are already making some additions due to great feedback. All CUSC shared branches are now included in the database (~4000) All COOP ATM’s. Over 28,000 of them. In partnership with REAL Solutions, we’ve added a list of all credit unions with branches in schools. [...]
Read moreIntroducing Numbers
Welcome to Numbers, CU Innovators call report data solution. While the NCUA has been providing call report data for many years, it has always been structured in such a way that makes it problematic to use unless you were a database administrator. There are a few others solutions available to the enterprising user, but none [...]
Read moreUnemployment in Credit Unions
In case you’ve been living in a cave, which the credit union industry can be at times, our economy stinks. Just go look at your 401K statement, at least what’s left of it. And this go around, the credit union industry has not been spared. With the massive problems that the credit crunch produced on [...]
Read moreBeer Summit Part 3
Back in December, Keith Leggett posted an article on his blog, Credit Union Watch, about non-member business lending. To summarize the post: The reporter was shocked that credit unions were funding business loans to nonmembers, as this seems to contradict the raison d’etre for credit unions as membership organizations. He then stated a few statistics from [...]
Read moreMembers in Nevada and California hit hard by economy
As I was neck deep in NCUA reports this week, I noticed a few interesting things about the state of delinquency in CU’s. Not too surprising, but the state with the credit unions that have been the hardest hit by this recession has been Nevada. Nevada credit unions, on average, have a reportable DQ (accounts over [...]
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 moreING’s Growth
“Backed up by a locally focused marketing strategy, the company’s approach has been ratified by the market. ING DIRECT’s deposits grew by 39 percent in 2005, 78 percent in 2004, and 74 percent in 2003. Indeed, among a 100-institution peer group, ING DIRECT had the second-highest rate of deposit growth for the five years between [...]
Read moreMySpace Age Stats
Only 12% below 18 now? 41% between 35 and 54? Sounds like a credit union age demographic to me. Click here to read the article from the Associated Press.
Read more
Recent Comments