Filene Research Highlights Member-Friendly Sources of Noninterest Income
Members are taking longer than before to reach decision points for major purchases and life events.
The hacktivist group, Izz ad-Din al-Qassam Cyber Fighters, which took credit for launching several distributed denial of service (DDoS) attacks against banks in 2012 and early January 2013 has said it will suspend the attacks. However, don't bet on behalf of your members that only large banks are at risk since credit unions were also targeted in the attacks. Start by taking six steps to prepare your credit union for cyber attacks.
Long-term medical conditions that require daily assistance are major destroyers of wealth, so it seems natural for credit unions to help inform members about options for long-term care (LTC) insurance. It’s a common misconception that Medicare will pay for LTC services. That could be a catastrophic mistake. Help connect members to LTC insurance solutions that can provide better care options while protecting a family’s long-term financial well-being.
How to make retirement planning unavoidable
Have you noticed your credit union Facebook page has peaked? Your Twitter page isn’t attracting any new followers (except spammers)? Or, is your Pinterest page DOA?
This workbook by Scott Simmonds is a do-it-yourself guide to a review of your credit union’s insurance. It will bring you step by step through the process using the resources of your insurance agent. This white paper will show you what information to get from your current insurer, what questions to ask and what steps to take to fix the problems you find. Scott Simmonds, CPCU, ARM, CMC is “the unbiased insurance guy, consulting on, but never selling, insurance.”
Year after year, disaster after disaster, CUNA Mutual Group’s claims specialists help credit unions recover from catastrophic losses. Consider three lessons the company has gleaned from credit unions that tend to handle disasters better than others.
To celebrate International Credit Union Day, CUES has published The Seven Cooperative Principles and Credit Unions That Live Them. The 30-page report discusses each principle individually, and explores credit unions from around the globe that have put the beliefs into practice. The download is available to everyone, regardless of their CUES Membership status.