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Sep 16, 2024 | 
cumanagement.com | Steve Reider |David Glaneman
4 minutes Mergers promise efficiency, but do they deliver? Explore why results may differ. There are many measures that summarize banking performance, but in terms of the immediate effectiveness of a financial institution, one of the most insightful measures is the efficiency ratio.
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Dec 27, 2023 | 
cumanagement.com | Sam Plester |Heather McKissick |David Glaneman
5 minutes Make sure you’re clear on your business objectives and current capabilities before you begin searching for a new solution. Technology is a vital component of any financial institution’s success. However, choosing the right technology vendor system for your credit union can be a daunting and complex task. That’s why it is important to make some key decisions before you start the vendor selection process.
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Dec 26, 2023 | 
cumanagement.com | Sam Plester |Heather McKissick |David Glaneman
3 minutes You, your team, your credit union and thereby your members benefit when you continuously develop your leadership skills. As a senior leader, you’re an expert navigator, steering your organization through uncharted waters. But like most, you also face a nagging worry … as the tides rise, is your team equipped to weather the storm? Sadly, during turbulent times, an all-too-common practice is to relegate leadership development to the back burner—even more so than in “regular” times.
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Dec 26, 2023 | 
cumanagement.com | Sam Plester |Heather McKissick |David Glaneman |Taras Nohas
It’s interesting the response you get when you ask whether a board conducts director assessments. Some say, “Why bother? We never use the results anyway.” Others have a well-established process and use the information gathered in different ways. Board assessments can uncover performance gaps that could be holding the organization back. The central purpose of the board evaluation is to continuously improve directors’ ability to govern effectively.
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Dec 21, 2023 | 
cumanagement.com | Sam Plester |Heather McKissick |David Glaneman
3 minutes Credit unions can reach untapped markets to foster small business success. As credit union leaders reflect on the past year and look toward the new year, growing deposits will continue to be a priority. Deposits are the lifeblood of any financial institution, and emphasizing deposits in 2024 is key to long-term growth and stability.
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Dec 20, 2023 | 
cumanagement.com | Sam Plester |Heather McKissick |David Glaneman
5 minutes Care of your human capital is paramount. How will you grow your people? Ahh the rigors of the modern financial services environment. The pace is faster, the turnover is spiraling, technology changing, the complexities … well, complex. What is a leader to do these days to set direction, convey emotion, paint vision, foster support, create belief, inspire?
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Dec 19, 2023 | 
cumanagement.com | Sam Plester |Heather McKissick |David Glaneman
3 minutes CUES members and Directors Conference attendees give generously to support Maui wildfire relief. It isn’t every day that I cry at work. But it does happen. I used to try to hide it. But now, instead of feeling shame, I embrace my tears as part of who I am. “Why are you crying today, Theresa?” you might be asking. I’m glad you asked. Today I am thankful to be part of the credit union movement.
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Dec 19, 2023 | 
cumanagement.com | Sam Plester |Heather McKissick |David Glaneman
8 minutes Six key considerations for credit unions The launch of FedNow is a milestone in America’s journey towards payments modernization, enabling another option for digital payments 24 hours a day, every day of the year. While faster real-time payments have been available through The Clearing House’s rails and other popular solutions for faster payments like Zelle, many credit unions have been slower to adopt as they carefully weigh the risks and advantages.
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Dec 18, 2023 | 
cumanagement.com | Sam Plester |Heather McKissick |David Glaneman
4 minutes Credit unions can support individual successes in communities of color and help break down systemic barriers that prevent access to credit. Rivermark Community Credit Union, Beaverton, Oregon, is both proud and excited to be one of only three credit unions in the country to be selected in June 2023 to participate in the two-year Underwriting for Racial Justice pilot program. The program will run through May 2025.
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Nov 22, 2023 | 
cuinsight.com | David Glaneman |Oscar Porras |Mark Leher
Credit unions are a vital part of the financial system, providing financial services to millions of people around the world. However, they are also a prime target for cybercriminals, who are drawn to their rich trove of sensitive data, such as names, addresses, Social Security numbers and account information. In 2023, the National Credit Union Administration reported a 25% increase in cybersecurity incidents at credit unions.
