Payment Industry Insider

A thought-provoking look at the payment and credit union industries

Entries Listed Under 'The Industry'

Changing Spending Habits into Saving Habits

August 22, 2008 · Written by Denny DeGroote · No Comments

To follow up on the savings conversation of a couple of weeks ago, I read an article recently by Sandra Simmons, President of Money Management Solutions. In the article, “10 Mistakes People Make With Their Money”, a couple of things struck me:
1. People habitually spend more than they make
and
2. People buy products and services based on [...]

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Categories: ALM · Marketing · Member Growth · The Industry

Managing Technology Costs with Collaboration

August 13, 2008 · Written by Mike Templeton · No Comments

Today’s entry is a repost of a topic being discussed over on the NACUSO blog.
Jim Jerving says that like death and taxes, you can count on two things in the financial services industry - the escalating costs of compliance and technology. Jim turns the discussion to our own Jeff Russell to talk about how collaborating [...]

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Categories: The Industry

America’s Largest Credit Unions

August 6, 2008 · Written by Mike Templeton · No Comments

Today I stumbled across the Credit Union Access website, a resource with statistics and data on over 9,000 credit unions,  listed by city and state.
The page I found most interesting was the listing of the top 50 credit unions in the U.S., ranked by assets and members. Based on hard facts and numbers, this list [...]

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Categories: The Industry

All Is Right With The World

August 5, 2008 · Written by Denny DeGroote · No Comments

If you are a Celtics fan, Boston that is, then you perhaps feel a little lighter of heart lately. They won the NBA championship a few of weeks ago! They are back - in their rightful place, at the top!! Not since the days of Bill Russell, John Havlicek, Sam Jones, et al has there been [...]

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Categories: ALM · Marketing · The Industry

Savings - Can It Be The New Rage?

August 1, 2008 · Written by Denny DeGroote · 4 Comments

Savings -  is it a thing of the past, or can it be the new rage with consumers? Particularly young adults, the millenials.  How can you be an influence?
Christopher Morris Suggests Developing New Ideas
Christopher Morris, CUDE and Web Manager for CUNA Councils recently responded to an email on the DE (development educator) listserv about this [...]

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Categories: ALM · Marketing · Member Growth · The Industry

Do Good! How Profound

July 25, 2008 · Written by Denny DeGroote · No Comments

A friend of mine recently sent me an article written by Paul Saffo on “How to Do Well in a Recession.” It wasn’t really anything like what I was expecting. It was better! And, it fit so well with what credit unions are all about.
In his initial statements he was talking about a “startup” company and [...]

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Categories: Marketing · Member Growth · The Industry

Ignorance Is Bliss, But It Won’t Last Forever

July 16, 2008 · Written by Denny DeGroote · 2 Comments

A speaker at the recent CUNA Mutual Discovery Conference covered a very interesting topic: Ignore boomers’ needs and a credit union’s relevance erodes. How many credit unions are actively engaged in providing for this huge demographic?
But for some time now I’ve mostly heard about the “Y” Generation. And while they are a very important demographic group, what about [...]

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Categories: Marketing · Member Growth · The Industry

Where Have Healthcare Gift Cards Gone?

July 7, 2008 · Written by Jeff Russell · 1 Comment

In preparation for a webinar TMG is holding this week, I’ve spent quite a bit of time researching new and innovative prepaid cards.
One such innovative card is the Healthcare Gift Card found at www.givewell.com. The card is a Visa branded debit card that is specifically marketed around healthcare and related services. The purchaser chooses the [...]

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Categories: Pre-Paid · The Industry

Where is the Reward for Good Stewards?

July 7, 2008 · Written by Denny DeGroote · No Comments

I liked the title of a recent USA Today “Letter to the Editor” so much that I kept it to kick this conversation off. There are a lot of people who have been responsible with their finances. Many of them are credit union folk. We – credit unions – have an opportunity and indeed a [...]

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Categories: Member Growth · The Industry

Not for Profit, Not for Charity, But for Service

June 30, 2008 · Written by Denny DeGroote · No Comments

Sound familiar? It should! These words form the very core of what credit unions are. But alas, they have almost been lost to a today world.
I was stirred up recently by a series of email notes exchanged among many DE (CU Development Educators) colleagues. It all started with a DE’s post seeking help in a [...]

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Categories: ALM · Member Growth · The Industry