Hire Young People on Purpose

Posted by Lisa Hochgraf

My son just turned 4, so I've started to think about how to teach him about money and personal finance. I'm sure I can help him with important ideas like saving and spending, interest--you know, the basics.

But yesterday life reminded me that "the youngest person in any family tends to be the most technologically savvy." And, indeed, that my little man is likely going to teach me a lot as he grows up about the technology that moves money and supports personal financial planning.

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Subprime Lending—Are you Crazy?

By Gary W. Irvin, CCUE, CCE

Today's headlines are all about the fall of subprime lending, especially mortgage lending. But there have also been stories about disastrous subprime auto lending specifically in credit unions. I believe most of these involve third parties.

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Kudos to Co-op Financial Services

By Mary Auestad Arnold

Hats off to Co-op Financial Services for the attention it's bringing to credit unions through its USA Today ad campaign, "Why Pay Banks $3?" a direct referral to Bank of America's recent surcharge increase.

In a press release related to the ads, Co-op CEO Stan Hollen points out that "credit union members have access to a surcharge-free ATM network that is larger than any bank offers, and it's time everybody becomes aware of this fact."

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Respect for You, the ‘Risky’ Business Leaders

By Lisa Hochgraf

This wordsmith is in Washington, D.C., at the Financial Managers Society's Best Practices in ALM for Credit Unions workshop, which CUES is co-sponsoring. I don't usually get a close look at sample credit union financials, but I've spent a lot of time looking at such numbers today. It's making me question a long-held feeling about finance executives in the credit union world.

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