Succeeding in a changing market

first_imgMarket on rates.  Rates and pricing is not what will set you apart.  Your WHY is what sets you apart. Remember that it isn’t about loans and checking accounts. Try to be all things to all people.  This means your credit union may serve a large field of membership, but there is a smaller group of consumers within that market that you are best-suited to serve. Look at marketing as an expense.  Done effectively, marketing has one of the greatest potentials for killer ROI of anything else your credit union can do from an execution standpoint. Look at members who have bad credit as undesirable.  A LOT of the population has less-than-stellar credit and it doesn’t mean they have necessarily been careless with their finances.  Job loss, medical bills, divorce, death of a spouse…so many circumstances lead to poor credit. Additionally, serving these “riskier” borrowers is a great way to solidify lifelong relationships for the credit union AND earn a higher margin.  Look at employees as something to be tolerated.  Your employees are the number one biggest asset your credit union has at its disposal.  They are the people who form relationships with new members and take care of your existing members.  If they are happy and empowered, that will translate to the member experience.Make a merger your succession plan.  Mergers have their time and place and are often necessary, but it shouldn’t happen without careful consideration of the impact to members and employees.  Make sure the credit union has done all it can to foster talent and growth within the credit union so a succession plan is evident years in advance.Operate with the mindset of “this is the way we’ve always done it.”  As Tony Robbins said, “If you do what you’ve always done, you’ll get what you’ve always gotten.”  If you want to get somewhere different, somewhere better, you have to do something different to get there.DO NOTHING!  Some credit unions are so scared to try something new and fail so they sit back and do nothing while their credit union literally shrinks before their eyes.Give up.  The work you are doing is helping credit unions stay the superheroes of the financial services market.I love you credit unions.  Keep doing the great work you are doing in your communities, with your employees and for your members.   If you are anything like me, you love lists like Top 10 and others because they are easily digestible and great for immediate takeaways.  During a recent conference keynote, I gave a session on helping small credit unions learn how to succeed in a changing market. But let’s face it…the market is changing and it is affecting ALL credit unions.  In the presentation, I listed several DO’s and DON’Ts in adapting to a changing market that I believe are relative to every credit union, regardless of size.  And I am sharing them here…starting with the Don’ts because, well… I like to focus on the positive so that is the second in this series. As you read this list of DON’Ts, remember that you, credit union executive, are reading this article because you want to learn how to grow your credit union and serve members.  You love this industry, and you want credit unions to succeed. I LOVE credit unions as well and, while you might like what I have to say on this list, I am here because I share your love of credit unions and passion for helping them succeed.If you want to succeed in today’s market DON’T:Look at big banks and other credit unions to see what they are doing and copy exactly what they are doing.  You aren’t staying true to your mission and brand story with this strategy. 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Amanda Thomas Amanda is founder and president of TwoScore, a firm that channels her passion for the credit union mission and people to help credit unions under $100 million in assets reach … Web: www.twoscore.com Detailslast_img read more

Clippers’ return to health with Gallinari, Teodosic could put end to DeAndre Jordan trade chatter

first_imgMeanwhile, Jordan has stepped up his game with four of the Clippers’ opening-night starters sidelined for extended periods by injuries. Rivers and the coaching and management staffs have no complaints about the play of Jordan, who is averaging 10.5 points and 13.9 rebounds.Rivers said he doesn’t wish to overburden Jordan with demands for more offense and improved defense and rebounding with the Clippers shorthanded. Rivers doesn’t want Jordan to become frustrated when things go haywire, as they have at points during their three-game losing streak.“I don’t want to ask him to do more,” Rivers said. “D.J. has a lot on his plate right now.”GALLINARI UPDATERivers said he didn’t expect a period of adjustment once Gallinari returns to the lineup. Gallinari is expected to be shifted to power forward from small forward, essentially filling Griffin’s role. Gallinari’s minutes will be restricted, no matter whether he returns Wednesday or Saturday.Asked if he expected to need time to regain his offensive rhythm after an extended layoff because of his glute injury, Gallinari said, “I hope not. I hope I’ll be ready right away. That’s what we’re working on. Hopefully, I’ll be find my rhythm right away.”Gallinari said he didn’t expect his conditioning to be an issue.“A lot of areas,” he said when asked where he could help the Clippers the most. “Once I get back, I want to help any way I can. Defensively. Offensively. You guys (reporters) know better than me how I can help the team. There are no secrets.”PROBABLE STARTERSThe Clippers listed their probable starters for Wednesday’s game against Minnesota: Austin Rivers and C.J. Williams at the guard spots, Jordan at center, and Wesley Johnson and Jamil Wilson at the forward positions. It’s the same lineup they used in their 112-106 loss to the Timberwolves on Sunday in Minnesota. PLAYA VISTA — Contrary to popular opinion, the Clippers’ season is not over.They have 60 games to play and there’s every reason to believe they will begin looking more like themselves sooner rather than later, with Danilo Gallinari and Milos Teodosic expected back in the lineup within hours, if not days.Gallinari could play Wednesday for the first time in 14 games, after suffering a strained left glute Nov. 5. If he can’t play against the Minnesota Timberwolves, then it’s anticipated that he’ll be sound enough to return Saturday against the Washington Wizards.Teodosic is likely to be right behind Gallinari as he attempts a return from a plantar fascia injury to his left foot suffered in the first half of the second game of the season Oct. 21. Clippers coach Doc Rivers said Tuesday he expected Teodosic to sit out for only two or three more games. Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img All of which could slow down a rumor mill that began spinning out of control after Patrick Beverley underwent season-ending knee surgery two weeks ago, Blake Griffin suffered a sprained knee last week that could keep him off the court for up to two months and the Clippers fell to 8-14.Or not.DeAndre Jordan’s reported decision to hire a new agent this week increased speculation that the Clippers would trade the veteran center in an attempt to hit the reset button on a season that’s spiraled out of control. Teams have asked the Clippers about a possible deal, according to ESPN.Lawrence Frank, the Clippers’ team president, spoke to Jordan about a contract extension last summer and the sides agreed to continue talks after they could not complete a new deal. There did not seem to be any sense of urgency to the negotiations as the 2017-18 got underway.Jordan can opt out of the final season of his contract at season’s end.last_img read more

BREAKING NEWS: COUPLE MURDERED AT THEIR HOME, MAN ARRESTED

first_imgDetectives outside  the home where a husband and wife in their 70’s were found dead this morning. Pic by North-west-newspix.MURDER squad detectives are investigating a double killing this morning in Carndonagh. It’s understood a man and his wife have died as a result of the incident.A man has been arrested at the scene. It’s understood Gardai are investigating the possibility that the couple died as a result of multiple wounds.There is widespread shock in Carndonagh.The dead couple are well known in the area.A priest has been called to the house to give the last rites. A man was detained by Gardai who were called to the scene. The house has been sealed off and the office of the State Pathologist has been informed.Gardaí have just issued the following press statement in relation to the incident.Gardaí in Buncrana are investigating all the circumstances surrounding the discovery of a man and woman in their 70’s at their home in Carndonagh shortly after 9am this morning.A short time later a man in his 40’s was arrested and he is currently being detained at Buncrana Garda Station under the provisions of Section 4 of the Criminal Justice Act 1984.The scene is currently preserved pending a Garda forensic examination. The office of the State Pathologist has been informed and investigations are continuing.BREAKING NEWS: COUPLE MURDERED AT THEIR HOME, MAN ARRESTED was last modified: October 23rd, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:CarndonaghKILLINGmurdersshootinglast_img read more