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CUNA releases CU E-Scan for 2012-2013

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MADISON, Wis. (7/24/12)--The Credit Union National Association (CUNA) has released its 2012-2013 Credit Union Environmental Scan (E-Scan).

Based on extensive research conducted by CUNA's National Research Group, E-Scan presents trends and projections critical for strategic and business planning.

Highlights from the 2012-2013 E-Scan include:

  • Compliance: The current regulatory environment demands that credit unions have a comprehensive compliance strategy, and invest resources to understand and implement regulatory changes.
  • Finance: Expected to play a more strategic role in the face of a changing operating environment, chief financial officers must accept greater accountability for their credit union's success.
  • Lending: As the economy improves, it's vital to focus on getting new members to transfer loan balances and sign up for new products and services.
  • Membership growth: Within eight years, the incomes of Gen Y members are expected to exceed those of baby boomers by $500 billion. Nearly 70% of young non-members are unaware of the credit union movement. Promoting credit union's not-for-profit model is a good strategy to reach out to this civic-minded generation.
"E-Scan is essential reading for credit union board members, top level executives and anyone invested in the future of their credit union," said Steve Rodgers, CUNA editorial director. "By keeping a close eye on the significant economic trends and being willing to adapt to unforeseen variables along the way, credit unions will not only be able to prepare for the future, they'll have the power and knowledge to shape it."

CUNA also offers a package of strategic planning resources to help credit unions plan year-round. Use the link.

CO-OP offers scholarships to CUNA communitygrowth conference

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MADISON, Wis. (7/24/12)--The Credit Union National Association (CUNA) is partnering with CO-OP Financial Services to award 18 scholarships to attendees of CUNA's 2012 Community Credit Union & Growth Conference, Oct. 23-26 in Denver. The application deadline for scholarships is Sept. 7.

This is the third consecutive year that CO-OP Financial Services is sponsoring scholarships to the conference.

The 2012 Community Credit Union & Growth Conference will focus on how to turn growth-generating ideas into concrete action plans. The conference also hosts CUNA's 2012 Community Credit Union of the Year Award, which honors community credit unions that best exemplify the principles of the credit union movement.

"Through CO-OP Financial Services' generous sponsorship, we will be able to expand our audience at this CUNA signature event," said Todd Spiczenski, CUNA Center for Professional Development vice president.

"CO-OP Financial Services is partnering again with CUNA on this event because we know this conference consistently offers a top-notch speaker line-up, highly relevant breakout sessions and tools for credit unions to bring creative ideas to life," said Stan Hollen, President/CEO, CO-OP Financial Services. "Supporting participation at this event is a strong fit with our commitment to help credit unions prosper and bring innovative ideas into practice."