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Five ways financial counseling benefits your credit union
April marks two major credit union celebrations dedicated to making members more financially knowledgeable: National Financial Literacy Month and National Credit Union Youth Month™. All month long, credit unions will promote the importance of informed financial decision making by hosting special counseling events for their communities. Counseling is arguably the best channel credit unions have …
How financial counseling can improve the lives of you and your members
Working with credit unions to add financial counseling services to your professional portfolio can provide an array of benefits to you, your members and your credit union. You’ll change your members’ lives for the better while also doing the same for yourself. Benefits include: Job Prospects The Bureau of Labor Statistics has projected that the …
How to Choose a Credit Union
If you’re drawn to the personalized service, local ties and great rates that credit unions are known for, you may be wondering how to find the right one for you.…
10 questions to ask before your next credit union strategic planning session
What is the most important thing to do before problem solving? Gain perspective. The only way to gain perspective is to ask a lot of questions. It’s one of the rules we emphasize with boards and leadership teams prior to facilitating strategic planning sessions for credit unions. Before throwing ideas out, you must gain perspective on […]
Build stronger member relationships through financial counseling
According to a recent BlackRock report, financial worry outranks other leading stressors including health, family and work. Financial stress is a top worry for American families because many of them live paycheck to paycheck and find it difficult to secure a brighter financial future by breaking this cycle. Many facing financial difficulty want to improve …
How innovative plan design can contribute to a credit union’s success
Taking a holistic approach to designing any member’s retirement plan is a goal well worth trying to attain. This is especially true when it comes to credit unions, where many of the same factors facing banks today – ever-proliferating technology, competition, and consumer demands – are being felt just as strongly. Developing an effective and …
Financial wellness strategies crucial for credit union growth
Financial institution marketing has long focused on the milestones of life — first big job, marriage, homebuying, retirement. But that legacy focus may soon be eclipsed by the concept of financial wellness. Major life events clearly are still important, but are becoming just one part of a much larger priority. “Financial well-being is not exclusive …
Credit union women: Are you on track for retirement?
Quiz time! The unique financial planning needs of women include: A. a longer expected life span than their male counterparts. B. earning gaps from taking time off work to care for children and/or elderly parents. C. underfunded retirement accounts due in part to pay inequities. D. all of the above. If you said D, you …
Credit Unions: 5 things everyone should know about credit unions
We continue to get questions about credit unions and although a google search may resolve many of these questions it leaves many more people wondering what are
Credit Unions vs Banks: Which is Better?
Tired of getting nickel and dimed by your bank? Maybe it's time to try a credit union.
Want Free Checking? Join a Credit Union
Though there might be reasons to stay with your bank
What is your credit union's appetite for risk?
The Rochdale Group’s consultants work with a large number of credit unions of all sizes that are in a variety of stages in implementing Enterprise Risk Management (ERM) programs. One of the most common questions we field in helping credit unions implement ERM programs is “how do we set the risk appetite for our credit …
Without passion, is your credit union just a bank?
Are you passionate about your Credit Union? “Yes” you say? Would the people you work with agree with you? Can you think of 3-4 ways that your passion comes through? If you are uniquely wired and passionate about the credit union movement as a whole, this should be easy! But in the end, does “passion” …
Is the compliance burden driving your credit union to consider a merger?
If you’re a leader in your credit union, compliance is certainly not a new issue. The compliance burden of today’s market is significant and costly; nor will it go away any time soon. If you feel like you once spent 80 percent of your time on member issues, and now you spend 80 percent of …
Inside credit union marketing: 6 video production mistakes
In my last two video-related columns–“Why You Can’t Be Afraid of the Camera Anymore” and “What Kind of Messenger Do You Want to Be?”–we discussed the many reasons to start up your credit union’s “video game,” along with who you want to “be” while delivering your video messages to achieve maximum impact. In other words …
How much will I need to save for retirement?: Affinity Federal Credit Union
Most Americans are not saving enough for retirement. Start planning now to ensure you are able to maintain your lifestyle and retire at your desired age.
Why credit unions need to think about financial counseling
Roy Bergengren once said, “The most important service of the credit union is the education of its members in the management and control of their own money.” Indeed, the most important way credit unions differ from other financial institutions is in terms of the education provided to its members. Larger financial institutions may try to …
Ultimate Guide to Credit Union Member Experience Success
Credit Unions rely on Member Experience as a key differentiator. Download our Free guide to MX Success to learn how you can create effective experiences.
The Credit Union: What is a Member?
There are a ton of different memberships in the world. Why is being a member of a credit union any different?
Should You Switch to a Credit Union Credit Card?
With lower rates and fees, credit union credit cards can be more attractive than major credit cards. Should you switch to a credit union credit card?
How Credit Union Mortgage Lending Differs From Banks
Credit union members will see several benefits when using the services of credit union mortgage lending, when compared to traditional banking institutions.
