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Industry Insights
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America Embraces Saving!

Americans saved 4.2% of their income in the first quarter of 2009, a remarkable increase over the near-zero rate from the first quarter of 2008. Although the first quarter normally sees significant share inflows at credit unions due to year-end bonuses and tax refunds, continuing economic instability is leading consumers to increase their savings plans. Additionally, bank failures and a falling stock market throughout 2008 resulted in a consumer flight to safety and quality. Credit unions attracted a record $43.6 billion in new shares in the first three months of 2009 due to the confluence of events, an example of the industry’s momentum in an uncertain environment.

Read more.

Lydia Cole Lydia Cole
Industry Analyst

Branch Managers as Decision-Makers.

Upcoming CUtv events

Play Connecting with Young Adults in Transition   Thursday, June 18, 2009

Play Choosing Technology Initiatives Wisely in Uncertain Times  Wednesday, June 24, 2009

Play Branch Managers as Decision-Makers: Take Each Location’s Performance to a New Level  Thursday, June 25, 2009


Spread the word about Press Releases on CreditUnions.com!

Featured Press Releases

District Governement Employees Federal Credit Union Signs Multi-Year Agreement with CRI Solutions

CRI

CUES and Precision Information, LLC, Bring Financial Literacy to Credit Unions

CUES

Stanford Business School and Star One Credit Union Announce New Loan Program

Student Choice

Supplier Spotlight

Mshift

MShift is a pioneer within the Mobile Banking industry. MShift offers the widest functionality of Banking, Bill Payment, and add-on features available to any internet device on any phone carrier.

Find a Supplier
 
Featured Job

Business Development – Client Relationship Coordinator

Use sales & marketing to expand our client base and sell our benchmarking tools.
 
See 18 Job Listings

Post A Job Now
 
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Andera

In This Edition

Increased US Savings Flow into CU Shares
With consumers increasing their rate of saving, credit unions are seeing a boost in their share portfolios.

Credit Unions RisingBeginning the Third Act of the Corporate Tragedy: Active Inertia
As NCUA's oversight of the corporate network continues from the January 28, 2009 original pronouncement of a systemic problem, the unfolding events are similar to a tragedy entering its third act.

Specific Times to Reach Young Adults
Young adulthood is marked with some life-changing transitions, understanding these transitions will help credit unions more effectively serve their younger members.

About Ed Callahan…
In the final analysis you can say many things about a man's life… some men are admired, some are respected, some are envied, some are feared. But, in the final analysis, the most important thing you can say about a great man is… he will be missed.

Personal Financial Management Tools: A Growing Opportunity for Building Relationships
Personal finance management tools (PFM) are being touted as the latest tactic for financial institutions to cement the member relationship, and the momentum is building.

eBrief: Cards on Campus, Part 2
Is your lending program "fair" to students? With college costs growing at more than twice the rate of inflation, students are increasingly turning to cards as a source of funding for education.


Having trouble driving your technology budget?


Graph of the Week

Credit union asset quality remains stronger than FDIC-insured institutions across the board
Delinquency rates as of March 31, 2009
Don't Miss this Graph of the Week!  Download your images!
Source: Peer to Peer 2.0, FDIC Quarterly Banking Profile



Connect with Young Adults in Transition and Grow your Credit Union Membership

Very informative webinar on how to target new members from Gen Y.
 
 

Webinar:
Connecting with Young Adults in Transition

Live on Thursday, June 18, 2009 at 2:00 PM EDT | 11:00 AM PDT

Want to target adult members of Gen Y, but not exactly sure how to gain their attention and nurture fledgling relationships? Join us for a webinar event designed to identify specific steps that your credit union can take to engage them on several fronts:

  • Getting on Campus: gear up for the fall semester and explore tactics that other credit unions have used to become engaged at local colleges, universities, and trade schools.
  • Social media: This powerful tool is often utilized poorly, so we will examine how to use this medium to your advantage, and discuss the pros and cons of particular avenues.
  • Products & Services: What appeals to these young potential members?

Brought to you by:

Callahan & Associates

1001 Connecticut Ave, NW Suite 1001 | Washington, DC 20036
P: 800-446-7453 | F: 202-223-1311

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