Credit Union Case Study - 1098 Words

†¢ The efforts and dedication to the Hispanic growth strategy is reflected in the percentage increase shown in the Credit Union Growth Stage. The score increased by 20% since the last time the HON assessments was completed in 2016. †¢ Based on Coopera’s Best Practice Index, Kern Schools Federal Credit Union is at 62% which is within the Emerging stage. †¢ The efforts around the Hispanic Growth Strategy have been more prevalent than years past. Such efforts are driving growth, momentum and the credit union’s leadership is confident they will continue to rise in the trajectory. †¢ Michael acknowledge the low response rate does not help their score. He would like to see this increase for next year’s HON assessment. †¢ Coopera sees the response†¦show more content†¦Ã¢â‚¬ ¢ Have received comments from members saying they are taking their money but they are not lending them money. They will be exploring possibilities. Is we are taking alternative forms of ids then we should be doing the same with the lending. †¢ Some staff members are still unsure of the growth the credit union has experienced in the last couple of years. It would be a good idea to share HMA numbers with the staff as part of their onboarding process. Jaime and Coopera will finalize the staff training materials to make them available for their staff. †¢ Overall, the cultural buy-in has progress since the first HON. †¢ The Board of Directors has shown interests in Hispanic Growth Strategy as well. They have also acknowledge the lack of diversity within their board and it’s an issue. The Board of Directors should strive to be presentative of their membership. †¢ Kern Schools FCU would like to hire another person to help with marketing and more of the outreach piece. †¢ Patty suggested that vacant and open positions be filled with a bilingual candidate. The need for bilingual staff will continue to be present. Hispanic Market Analysis (HMA) Report †¢ Kern Schools FCU’s Hispanic membership growth has surpass the overall membership growth. You have gwon since the last we did this at the beigning. †¢ The total number of Hispanic members is close to 61,000 when we include those who are under 16 years of age. †¢ TheShow MoreRelatedCredit Union Case Study748 Words   |  3 Pagesapplications as well as through email. Additionally, the credit union also participates in several community outreaches and utilizes these opportunities to further broadcast our offerings and capabilities. Currently the credit union is sponsoring several scheduled walks and runs to generate awareness for various health ailments. Furthermore, PSECU advises the employees through a corporate portal of any new additions, changes, and notifications. The credit Union focuses on providing a message of being able toRead MoreCredit Union Case Study Solution759 Words   |  4 PagesThe credit union’s net capital ratio has remained relatively stable, and remained at more than twice the peer group average throughout the review period. The consistent high level of net capital adequacy can be attributed to adequate profitability. As of the examination date the ROA ratio was 0.57%, which was well above the peer group average. Profitability has increased since year-end 2016 as a result of an increase in net interest margin and a decrease in operating expenses as well as no provisionRead MoreDid You End Up Working For A Company Based On Credit Unions : Case Study746 Words   |  3 Pages1. How did you end up working for a company focused on helping credit unions serve the Hispanic market? In 2014, I was a participant of the Latina Leadership Initiative, a leadership program for young Latina women in Iowa. Miriam De Dios, Coopera’s CEO, presented about the struggles and opportunities in the underbanked and unbanked Hispanic market. I could relate to her presentation as I grew up in an underbanked household. I was intrigued by the topic and by her personal story. I reached out toRead MoreThe Demand And Dominance Of Consumer Lending905 Words   |  4 Pageschanges in the last 60 years. These changes have in part to do with regulatory changes and financial products innovation. Yet one thing has remained: the demand and dominance of consumer lending. Consumer credit loans have increased in the banking industry, in general, as well as in Credit Unions in the last 60 years. Consumer loans have contributed to the way of life for many Americans. For many Americans who have wanted to increase their standard of living, consumer loans have been the answer. Read MoreSelect ing Trade Banker1089 Words   |  5 PagesCase Study #3: Selecting a Trade Banker Banking on relationship Technon International is a Canadian high-technology development firm, focused on emerging technologies in wireless communications. Technon sources components in China and has offshore programming activities in India covering certain functionality in its new wristwatch PDA with MP3 and cellular capabilities. Technon has several Canadian and international patents to protect its proprietary technology, and has developed some strongRead MoreImprovements in Singapores National Productivity1410 Words   |  6 Pagessome two hundred trade union leaders in Singapore, National Trade Union Congress (NTUC) Secretary-General, Mr. Lim Swee Say commented that it was an improvement that the nations productivity increased from -2 to zero from 2012 to 2013. He went on to urge unions and organisations to turn productivity into positive in 2014 so as not to lose grounds to competitors as Singapore gears herself for recovery from the financial crisis in 2008 (Poh, E. 2014). Role of trade unions The Ministry of ManpowerRead MoreThe Importance Of Time In Business Management1431 Words   |  6 Pagesmakes it hard with having to multitask on a daily basis. According to (Cardon, 2012), â€Å"most business professionals erroneously assume they can respond immediately to all incoming messages and focus sufficiently on work tasks. A University of Michigan study found that productivity drops by up to 40 percent when people try to do two or more things at once†. Thinking about it, time is a constant thing and it moves swiftly. So you have to make sure that you are able to do everything that is needed to beRead MoreThe Benefits Of Rural Small Business Grant1110 Words   |  5 Pagesrelying on local lenders as in the past, a study shows. Instead, more individuals launching small businesses are relying on relatives, remortgaging their homes and even drawing from their pensions -- all of which are risky approaches to financing a business. Increasingly, bank branches are headquartered in distant urban areas -- and in some cases, financial deserts exist in towns with few or no traditional financial institutions such as banks and credit unions. That means that local lending to individualsRead MoreEssay on Globalization Study Greece Economic Crisis975 Words   |  4 PagesGlobalization Case Study Greek economic crisis Introduction: In September 2009, Greek economic crisis exploded. Greek government announced that the country’s financial deficits and public debt to gross domestic product would be along about 12.7% and 113%, which are far from the provision of European Union: 3% financial deficit and less than 60% public debt to gross domestic product. Moody’s, SP and Fitch, the three major credit-rating agencies, all reduced the credit-ratingRead MoreFederal Reserve Bank Of New York Essay1620 Words   |  7 Pagesand income, financial claims on and liabilities to the rest of the word. If a country has received money, this is known as a â€Å"credit†, and if a country has paid or given money, the transaction is counted as a â€Å"debit†. Theoretically, the BOP should be zero, meaning that assets (credits) and liabilities (debits) should balance; however, in the reality, this is rarely the case. The BOP is divided into 3 main categories: the current account, the capital account, and the financial account (Reem Heakle