Member Value Network (MVN) is a group of uniquely qualified consultants, bringing a total solution to credit unions seeking a higher level of performance and enhanced member value. Our consulting services and management tools help credit unions, their Boards and their senior leadership team members perform more effectively—creating strategy, driving change, building sustainable competitive advantage, and achieving results.
With all the craziness going on with the banks, fewer and fewer are providing mortgage and home-equity loans; but, as I understand it, credit unions still have plenty of money to lend to prospective homebuyers.
I actually saw a commercial from my own credit union recently and even though it was [...]
The loan files at BECU are empty, in fact, for the past year, they have been non-existent.
Washington’s largest credit union began offering members the state’s first “paperless” mortgage about a year ago and the program has been a remarkable success.
Last month Joe Brancucci, executive vice president and chief lending officer at [...]
When I walk into my credit union—- USE Credit Union—- I am always greeted by name, but these days I am also asked how my life is going.
The folks at my CU genuinely care and don’t judge me by my dwindling savings account because they get it. The economy is in the tank and their [...]
1. How are the government takeover of Fannie Mae and Freddie Mac and the bankruptcy of Lehman Brothers Holdings Inc. affecting credit unions?
The greatest impact may be the damage to the level of confidence that credit union members hold in our financial strength. I’m sure we’re all getting many opportunities to talk to [...]
1 .Jim, since you were hired in January of 2004, ROA has increased 180%, loans have increased 5 million and spending has been reduced by over million a year. What do attribute your success to?
Hiring great people and prioritizing. We focused on reducing operating expenses and cleaning up the loan portfolio. Since taking the [...]
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Credit union CEO compensation rose at a faster pace than chief executive pay at other industries last year. The gains also outpaced inflation.
Specifically, average CEO salary plus bonus increased 8.59 percent, according to the 2007 CUES Executive Compensation Survey.
So what? Based on performance, I say it’s well deserved.
The International Monetary Fund estimates [...]
Common sense and research tell us that credit unions and CUSOs should put time and effort into newly placed executives, preparing them so they hit the ground running from day one. That’s where a comprehensive process called ‘onboarding’ comes in.
“It’s a relatively new word and concept,” said Mark Elliott, founder and [...]
What exactly is Onboarding?
A: Generally it is the process by which newly hired employees at all levels — entry-level thru CEO — get “assimilated” (i.e. transition and integrate) to the new position and organization. It is NOT just a new term for an orientation, which is actually a subset of [...]
What do you do after 38 years in the credit union business and 22 years as president/CEO of 0 million Orange County’s Credit Union?
If you’re Judy McCartney, you hire a financial planner, relocate to a new city and purchase tickets to exotic destinations.
During her tenure, McCartney helped others grow and contribute [...]
OMA: You first came on board at Orange County’s Credit Union as a VP in 1982, and retired as President and CEO earlier this year. What are some of the most significant changes you saw during your 26 years at OCCU?
JM: The addition of money market accounts, credit cards, CUSOs, expanded [...]
