Archive for Products

Sharebuilder rocks

I’ve been personally using ShareBuilder for the last few months now and it has carved itself a nice little blue ocean. None of the other brokerages can compete with the automatic ACH investments. And at 4 bucks per, or even $12/month for their standard program with 6 free scheduled trades, it’s incredibly reasonable. No minimums, [...]

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who says you can’t start young?

If “Jack’s” doing it, I’m sure some of your members are doing it too. What does your credit union have to offer to meet these needs? http://www.jackscash.com/

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I’m giving away the gold…

If you are reading this blog, I’m sure that you’ve heard of the “One” Account. (http://www.oneaccount.com) The Filene research paper (http://filene.org/i3/project/3) says that there’s about five steps to get the One Account. Well I have the answer to get you immediately to step 4.What product do you have that you have ACH credit access, check [...]

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Welcome Andera to the blogging community

Andera, a provider of automated new account software to CU’s has just started a blog! Actually, their CEO, Charlie Kroll, has started the blog. Way to go Charlie and I’m looking forward to reading his insights into the industry, both CU’ing and banking.

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RSS for the masses

How do you get CU employees reading blogs and other RSS feeds? Personally, I use live.com and all my feeds just magically come to me! I know that Outlook 2007 has RSS built in so maybe network administrators and subscribe to feeds for everyone? Maybe put it on the intranet site? Blogging will become more [...]

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Taking payments

After sitting with our contact center staff off and on for a few months now, it’s becoming clear that our members want the ability to transfer money from another FI to our CU. Now there are quite a few funds transfer companies out their now where our members can do the transfers themselves online, but [...]

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Product profitability

How does one measure a financial service’s profitability? Do you fully allocate the expense of the organization to each product, or let each product fly on it’s own? If each product is on it’s own, then CD’s, for example, will always be “unprofitable”. You could use a replacement rate to calculate profit. If you have [...]

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e-checking

Fueled by the conversation with Trey and Matt today, e-checking accounts have been weighing heavily on my mind as another opportunity for CU’s. Paperless checking, e-checking, whatever the branding is, CU’s need to have an account that meets the needs of that particular segment. We had a brainstorming session today about our currently liquidity position, [...]

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