SALT LAKE CITY (4/7/16)--Consider this: Facebook is a $236 billion company, and it offers no original content. The rental website AirBnB is capitalized at $10 billion and doesn’t own an inch of real estate. Uber is worth $40 billion and doesn’t own a single vehicle.
Raddon Financial Group pesented its annual Crystal Performance Award to high-performing credit unions in two asset classes based on a balanced scorecard measuring growth, income, efficiency, and margin management.
Fallout from the economic crisis increases the need for alternative capital. Even well-capitalized CUs are limiting growth due to fear of capital constraints. But to use alternative capital, CUs would have to demonstrate management savvy and discipline.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.
Six financial services organizations have joined the CUNA-created “Stop the Data Breaches” campaign in light of merchants’ efforts to combat CUNA-backed data security legislation. The campaign, at www.stopthedatabreaches.org, utilizes geo-targeted digital and print ads.