by Feminella, Amy | Oct 31, 2021 | Credit Union Advisors, Insights
Welcome to post three in our five-part series on strategic growth. In the first part of this series, we introduced the figure 9.2%—the approximate rate at which your credit union must grow annually for the foreseeable future just to keep place with its peer group! In...
by Feminella, Amy | Oct 24, 2021 | Bank advisors, Compensation Advisors, Insights
In 2016, Bank Director conducted research about the retention rates of different generations within the banking space. They found that only two-thirds of banks surveyed were actively trying to attract millennials as employees at the time. However, out of those...
by Feminella, Amy | Oct 24, 2021 | Credit Union Advisors, Insights
The supply of available money in the global financial system is growing over time. If we use M2 as the “supply” of money available in the U.S. financial system we can see the trend in growth of money supply using the chart below: Historically, roughly 9 to 10% of that...
by Feminella, Amy | Oct 17, 2021 | Compensation Advisors, Insights
This month, we’re highlighting Jeff Fairchild, Director of Compensation Consulting at Newcleus. With over a decade of extensive experience, Jeff guides and assists clients develop compensation plans including, annual incentive plans, long-term incentive plans,...
by Feminella, Amy | Oct 10, 2021 | Credit Union Advisors, Insights
Congratulations! You’ve made it through one of the most challenging periods on record! This past year has brought a myriad of unforeseen challenges to credit unions—remote work, loan forbearance, PPP small business loans, a flood of stimulus deposits, loan roll-offs,...
