Reversing a trend, the number of mergers was up in the most recent monthly data when compared to last year. The NCUA approved 19 mergers in May 2015, an increase over the 16 mergers in May of last year.
THE 'tude
Get ready for some Mile High silos, Mile High irony and Mile High missed opportunities for re-sparking passion this week.
Every credit union already has a brand, yet it may not have a brand promise. A strong brand promise connects to an organization’s purpose, positioning, strategy, people and consumer experience. It is what helps organizations connect emotionally with consumers – something Forrester says has a big impact on consumer loyalty.
You’ve heard it a million times. “The Millennials are coming!” But actually, they’re already here. What percentage of your membership base is made up of Gen-Y? Five percent? Ten percent (nationally 15% use a credit union)?
Here’s a how-to list for you that answers five critical, must know questions: How to rethink whether credit unions have it backward with Millennials. How to find big lessons in small stories. How to respond to a stupid question. How to get an audience excited and talking. And how to strike an audience dumb!
The October 2015 EMV/Chip Card liability shift date now is only 90 days away. This past year continued to see its share of high-profile data breaches at large national retailers, making EMV adoption by issuers and merchants a high priority.
“Between a rock and a hard place” accurately captures the position of today’s Fed. Increase interest rates and you have higher prices chasing fewer dollars, or inflation. Increase the Money Supply, which increases employment and output, but at a price regulators, investors, politicians and consumers won’t pay today. Do nothing is an option: don’t raise interest rates and leave Money Supply the way it is.
Two, four, six, eight, who don’t we appreciate? That honor would have to go to NCUA.
For the third month in a row the number of mergers is down compared to last year. The NCUA approved 25 mergers in April 2015, which is down from the 32 mergers in April of 2014.
You’ve heard it a million times. “The Millennials are coming!” But actually, they’re already here.