by Feminella, Amy | Jan 21, 2021 | Credit Union Advisors
Credit union earnings have been suffering throughout the global pandemic. Board members are concerned with the potential for loan defaults as the uncertainty of COVID continues. Credit unions we’ve spoken to are concerned with three key objectives: the “New Normal”...
by Feminella, Amy | Jan 18, 2021 | Credit Union Advisors
When people think of board member and credit union communication, many may initially think of conflict. The most successful credit unions have a key executive team that integrates seamlessly with their Board of Directors to accomplish their overall goals. However,...
by Feminella, Amy | Jan 14, 2021 | Credit Union Advisors
Communication within the board room is essential to the success of your credit union. While it may be easy to overlook the communication aspect of being a member of the board, it’s one of, if not the most, important aspects of being part of the board of directors....
by Feminella, Amy | Jan 11, 2021 | Credit Union Advisors
Investing in Credit Union Owned Life Insurance (CUOLI/COLI) as a strategic benefits opportunity for your key executives can provide major advantages for your Credit Union. Having a properly structured CUOLI plan can be beneficial to both your business and your key...
by Feminella, Amy | Jan 4, 2021 | Credit Union Advisors
As you reflect on 2020 and the tremendous work your leadership team has put forth, you are likely thinking about ways to make sure this battle-tested team remains with your credit union for the long-term. A properly designed SERP can help you retain and reward those...
by Feminella, Amy | Dec 31, 2020 | Credit Union Advisors
It’s almost 2021! This past year has been challenging for everyone, especially credit unions. With that being said, it’s important to find new ways to generate income for your credit union in the next year. As we are unsure what the future may hold, it’s good to have...
by Feminella, Amy | Dec 29, 2020 | Credit Union Advisors
Are you aware most of the risk in your loan regime split dollar plan is during your retirement years, which may be too late to do anything about it? Have you considered investing in split-dollar life insurance as a viable option for your future? If so, it’s important...
by Feminella, Amy | Dec 23, 2020 | Credit Union Advisors
As we manage toward a post-COVID-19 environment unknown challenges abound. But credit unions can successfully manage through these challenges by sustaining a keen focus on critical dynamics, much like a pilot relying on an instrument panel to navigate summer storms....
by Feminella, Amy | Dec 21, 2020 | Credit Union Advisors
Recently I saw an article about the 50 credit unions with the highest efficiency ratio in the industry – efficiency ratio is operating expenses divided by (interest income less interest expense) plus non-interest income. This ratio is often referred to by: how much...
by Feminella, Amy | Dec 17, 2020 | Credit Union Advisors
Credit Unions – Making a Difference with your Members During COVID 2020 has hit so many of us hard. The role of Credit Union leadership has needed to be flexible, responsive, caring, strategic… generally multi-faceted. On the one hand, CU leadership has...
