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Disparate Impact Studies Especially Tough on Dynamic Matrix Systems

Sep
05
Disparate Impact Studies Especially Tough on Dynamic Matrix Systems

As regulations on financial products and services continue to rank among the top concerns for credit unions, many institutions are re-evaluating the viability of the products they offer to their members.

Posted By Brianna O'Hara read more

Waiting to Implement an Overdraft Program Could Cost You

Aug
07
Waiting to Implement an Overdraft Program Could Cost You

Delaying action until regulators issue new rules on overdraft protection programs negatively impacts more than you think. In today’s highly regulated environment, financial institutions remain focused on any and all regulatory announcements and rulings regarding issues that affect their performance and profitability.

Posted By Brianna O'Hara read more

Re-engineering Your Credit Union’s Foundation Can Enhance Long-Term Growth

May
06
Re-engineering Your Credit Union’s Foundation Can Enhance Long-Term Growth

Needless to say, today’s business environment for credit unions provides its share of opportunities and challenges. On the one hand, new technologies provide innovative service options that can improve or increase your touch points with members.

Posted By Brianna O'Hara read more

Act Now to Avoid a Future Talent Crisis

Apr
08
Act Now to Avoid a Future Talent Crisis

Prior to the country’s economic downturn, many credit unions maintained formal staff development and leadership training programs that enabled management to recognize potential among existing staff members and develop the skills necessary to nurture professional growth.

Posted By Brianna O'Hara read more

Build an Effective Base to Capture Greater Share of Wallet

Jan
19
Build an Effective Base to Capture Greater Share of Wallet

Submitted by J. Keith Hughey, senior consultant at John M. Floyd & Associates

As we start another year of continued uncertainty regarding interest rates, sluggish loan activity, regulatory action and competition from non-traditional financial service providers, many credit unions continue searching for ways to generate revenue to maintain stability and create growth opportunities for next year.

Posted By Nora Revie read more

Keep Your Employees Away from the Nearest Exit

Jul
16
Keep Your Employees Away from the Nearest Exit

By Keith Hughey, Senior Consultant
John M. Floyd & Associates

Over the past several years, I have watched the trends of workplace satisfaction with a great deal of interest. Throughout the Great Recession, various studies consistently indicated that roughly two-thirds – plus or minus a percentage point or two – of U.S. workers were dissatisfied with their job.

Posted By Sharon Bahr read more

New Overdraft Program Fuels Growth and Member Services

Jan
27
New Overdraft Program Fuels Growth and Member Services

As the Missouri Credit Union Association continues (MCUA) to support the efforts of member credit unions in providing their members with the financial products and services they need, we are ever mindful of the importance of endorsing strategies that not only have a positive impact on credit union performance, but are also fully compliant and member-friendly.

Posted By Brianna O'Hara read more

The Road to a Fully Compliant Overdraft Solution

Aug
11
The Road to a Fully Compliant Overdraft Solution

There is no such thing as too much account holder communication when it comes to overdraft programs. As an early proponent of socially responsible overdraft programs, John M. Floyd & Associates (JMFA) is at the forefront of consumer education initiatives that greatly enhance the success of credit unions’ overdraft strategies. 

Posted By Brianna O'Hara read more

Full Disclosure Remains Key to Maintaining Compliant Overdraft Programs

Jul
02
Full Disclosure Remains Key to Maintaining Compliant Overdraft Programs

A year after the release of a white paper that summarized its initial findings from an analysis of overdraft practices used in nine large banks, the Consumer Financial Protection Bureau (CFPB) has changed the date for further pre-rule activities on overdraft programs to February 2015, according to its Spring 2014 rulemaking agenda.

Posted By Brianna O'Hara read more

Get the Most Out of Your Overdraft Program

Dec
30
Get the Most Out of Your Overdraft Program

This article was written by John M. Floyd (pictured at right), chairman and CEO of John M. Floyd & Associates (JMFA). JMFA is a leading provider of profitability and performance-improvement consulting. 

Posted By Nora Revie read more

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