The document discusses strategies for credit unions to grow by serving underserved markets like low-income individuals, immigrants, and young people. It provides examples of credit unions that have developed sustainable business models and products tailored to these populations, such as payday loan alternatives and non-prime auto and mortgage loans. The document also highlights data on the size of the underbanked population in Florida and the United States, and how credit unions can help improve financial inclusion.
There are 80 million millennials in America alone and they represent about a fourth of the entire population. They
owe a lot but know too little about finance.
There are 80 million millennials in America alone and they represent about a fourth of the entire population. They
owe a lot but know too little about finance.
The Exemplary Leadership Achievement (ELLA) Awards is a program that recognizes and celebrate corporations whose strategic and philanthropic investments in Emerging Domestic Markets are strengthening low-income communities by improving opportunities for minorities. The purpose of the award is to encourage broader commercial and industry-wide investments through special recognition of organizations with demonstrable and reputable commitment to advancing the development of these markets.
Supersize that IDA: How enhancing your programs with credit building can achi...NeighborhoodPartnerships
Credit building accelerates asset building. Participants in this session will learn the value of credit building as an asset building strategy and an opportunity for strengthening your clients’ financial capabilities. Participants will learn about what credit building is and basic considerations for integrating credit building into your programs. We will explore credit building innovations including a pilot program here in Oregon that helps clients automatically build credit while fulfilling their IDA savings plan.
Sarah Chenven, Credit Builders Alliance
Nancy Yuill, Innovative Changes
Pittsburgh Nonprofit Summit - We Got Funded! What Social Innovations are Bei...GPNP
Over 50 applications were submitted to the inaugural federal Social Innovation Fund and 11 agencies were awarded funding. Hear directly from the grantees of the SIF, learn about the re-granting process and find out what is required to compete at these levels. Also, hear the lessons learned from the first round and learn what is being changed for the current round of funding.
If you're a minority small business owner, you might've learned the hard way that equal opportunity doesn't always apply to small business loans. A number of studies have shown that minority business owners get less information and assistance, but are asked more financial questions, by business lenders.
Discrimination like this is a huge problem, both for the lending industry and for the economy as a whole. Let's stand together and change things for the better.
Co-presented with Kris Wickline at CUNA Mutual's 2008 Discovery Conference, this presentation provides an overview and business case for why credit unions NEED to focus on Gen Y as part of their overall business strategy.
CU Tomorrow: Session#2 Handout - Develop your Social Media Strategyrealsolutions
Presentation outlining why social media is about people and the technology is secondary. You'll gain insight by monitoring what your audience is saying online, and how to create a social media action plan.
The Exemplary Leadership Achievement (ELLA) Awards is a program that recognizes and celebrate corporations whose strategic and philanthropic investments in Emerging Domestic Markets are strengthening low-income communities by improving opportunities for minorities. The purpose of the award is to encourage broader commercial and industry-wide investments through special recognition of organizations with demonstrable and reputable commitment to advancing the development of these markets.
Supersize that IDA: How enhancing your programs with credit building can achi...NeighborhoodPartnerships
Credit building accelerates asset building. Participants in this session will learn the value of credit building as an asset building strategy and an opportunity for strengthening your clients’ financial capabilities. Participants will learn about what credit building is and basic considerations for integrating credit building into your programs. We will explore credit building innovations including a pilot program here in Oregon that helps clients automatically build credit while fulfilling their IDA savings plan.
Sarah Chenven, Credit Builders Alliance
Nancy Yuill, Innovative Changes
Pittsburgh Nonprofit Summit - We Got Funded! What Social Innovations are Bei...GPNP
Over 50 applications were submitted to the inaugural federal Social Innovation Fund and 11 agencies were awarded funding. Hear directly from the grantees of the SIF, learn about the re-granting process and find out what is required to compete at these levels. Also, hear the lessons learned from the first round and learn what is being changed for the current round of funding.
If you're a minority small business owner, you might've learned the hard way that equal opportunity doesn't always apply to small business loans. A number of studies have shown that minority business owners get less information and assistance, but are asked more financial questions, by business lenders.
Discrimination like this is a huge problem, both for the lending industry and for the economy as a whole. Let's stand together and change things for the better.
Co-presented with Kris Wickline at CUNA Mutual's 2008 Discovery Conference, this presentation provides an overview and business case for why credit unions NEED to focus on Gen Y as part of their overall business strategy.
CU Tomorrow: Session#2 Handout - Develop your Social Media Strategyrealsolutions
Presentation outlining why social media is about people and the technology is secondary. You'll gain insight by monitoring what your audience is saying online, and how to create a social media action plan.
CU Tomorrow_Session 6 Handout: Generation Debt_Feb12_10realsolutions
This session addresses three related topics:
* Helping young adults face the student debt challenge
* Offering responsible credit
* Addressing young-adult challenges at different leadership levels
Expression of Query in XML object-oriented databaseEditor IJCATR
Upon invent of object-oriented database, the concept of behavior in database was propounded. Before, relational database
only provided a logical modeling of data and paid no attention to the operations applied on data in the system. In this paper, a method
is presented for query of object-oriented database. This method has appropriate results when the user explains restrictions in a
combinational matter (disjunctive and conjunctive) and assumes a weight for each one of restrictions based on their importance. Later,
the obtained results are sorted based on their belonging rate to the response set. In continue, queries are explained using XML labels.
The purpose is simplifying queries and objects resulted from queries to be very close to the user need and meet his expectation.
Speed Determination of Moving Vehicles using Lucas- Kanade AlgorithmEditor IJCATR
This paper presents a novel velocity estimation method for ground vehicles. The task here is to automatically estimate
vehicle speed from video sequences acquired with a fixed mounted camera. The vehicle motion is detected and tracked along the
frames using Lucas-Kanade algorithm. The distance traveled by the vehicle is calculated using the movement of the centroid over the
frames and the speed of the vehicle is estimated. The average speed of cars is determined from various frames. The application is
developed using MATLAB and SIMULINK.
The Low to moderate income residential homebuyer has been overlooked by many lenders. This is an opportunity that could change the face of many communities and increase profitability of many banks.
A broad 2008 overview of why focusing on growing Gen Y membership is important to the future of credit unions, characteristics of Gen Y, and examples of how credit unions are successfully attracting and serving the demographic. This was one of the first Peer-to-Peer Roundtable webinars for the CUNA Marketing Council.
3 Strategies to Grow Millennial MembershipExperian
Sporting $200 billion in annual buying power, Millennials are a financial force. And while many have been slow to adopt credit, segments are proving to be prime candidates for bankcards, mortgages and auto loans. But where are Millennials taking their financial business? Data reveals only a very small percentage of Gen Y has connected with credit unions, and credit unions have expressed frustration in how to grow this relationship. Dig deeper and gain insights from Scott Butterfield, founder of Your Credit Union Partner, to learn how credit unions can do a better job reaching this market through segmentation and a refined product mix.
Young Adults & Credit Unions - Partnering with mY generationJoshua Jones
Delivered at the 2008 CUNA Lending Council Conference. This presentation offers examples, suggestions, resources, and info about successful Gen Y lending practices.
Lending Circles demonstrate the ingenuity and resilience of communities that are outside of mainstream banking. Lending Circles have long been used in different communities across the world as an alternative way to support savings or provide an emergency reserve to meet community needs. Here in the US, lending circles are beginning to receive more and more attention as a tool that works for a range of communities. Join us to learn how Lending Circles work and hear from organizations in the Pacific Northwest that have started Lending Circles.
Mohan Kanungo, Mission Assets Fund
Gabriel Muro, The Next Door
Moderator: Lynne McConnell, Neighbor Impact
Gen Y ROI - Credit Union Strategies that WorkJoshua Jones
Credit union executives understand gaining young adult membership is key to the sustainability of credit unions. However, recent statistics from CUNA's 2009-2010 CU Environmental Scan show that credit unions continue to struggle in this area. Who is having success attracting and serving young adults? What's working, why, and how are these credit unions bucking the trend?
This presentaion:
- Ties the needs of a generation to products and services
- Provides examples of credit union strategies that work
This presentation was delivered during CUNA's 2009 Community Credit Union and Growth Conference.
Scott Entrepreneur Express, October 14, 2010 PresentationSandy Ratliff
FREE workshop geared towards small business owners as well as those who are thinking about becoming entrepreneurs. Accessing resources is crucial for a small business to start or grow. But in these challenging economic times finding financing, new customers/markets and accessing help within state and federal government can be difficult.
The Virginia Department of Business Assistance has partnered with Scott County Economic Development, Scott County Chamber of Commerce, and Wachovia Bank to offer a workshop designed to provide insight into areas of business ownership that often go overlooked and help connect you to FREE resources available to small business.
If you have questions or require additional information, contact the Scott County Chamber of Commerce at 54276-386-2525.
Scott County is partnered with Sandy Ratliff with the Virginia Department of Business Assistance to conduct this workshop.
Bill Handel, vp of research at Raddon Financial Group, reviews the current regulatory environment and discusses the challenges and opportunities, identified at the recent CEO Strategies Group workshops, that lie ahead for credit unions.
This handout touches on the self-assessment test and interactive goal-setting tool used at Filene. The webinar will also explore young adult focus groups.
REAL Solutions_Partnerships of Cambridge Portuguese CUrealsolutions
This handout is made available courtesy of the Illinois Credit Union League, a REAL Solutions League partner, on the partnerships of Cambridge Portuguese CU.
REAL Solutions has developed a new program strategy, in an effort to deepen our commitment to our current as well future partner credit union leagues/associations
1. Lois Kitsch [email_address] Doing Well by Doing Good Grow Your Credit Union By Serving Expanded Markets Florida Annual Conference
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3. Doing Well by Doing Good – The Spectrum Credit Union Story
4. What does a poor or mediocre score cost? Emily Karen 750 Credit Card Rate – 9.9% Auto Loans – 5% Mortgage one – 5.5% Mortgage two – 5.5% Credit Card – 19.9% Auto Loan – 8% Mortgage one – 7.375% Mortgage two – 7.375% 650
5. What does a poor or mediocre score cost? Emily Karen
6. Cost of Poor Credit Emily Karen 70 70 $39,600 Credit Card Interest $79,600 $21,166 Auto Loans $34,653 $174,760 Mortgage One $243,020 $417,616 Mortgage Two $594,572 100 Points Cost Karen $ 298,704
7. Think of the impact of Dorothy’s credit score on her access to financial services
8. Continuous set of services to allow members to move from step to step, no matter where they start Alternatives FCU Ithaca, New York
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10. U.S. Adult Population by Banked Status Note: Unbanked consumers are those with no checking or savings account. Underbanked consumers are those with a checking or savings account who have made one or more nonbank financial transactions in the past 30 days. Source: CFSI Underbanked Consumer Study, 2008
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13. % of Asset Poor Households in Florida 46% 36% 22% 11 % 3% Low Wealth does not always equate to low income. In Florida, 22% of households earning more than $44,000 and 3% earn more than $100,000 are asset poor.
25. Want More info? Visit www.realsolutions.coop for a comprehensive Toolkit on how REAL Solutions Credit Unions Provide short term loan products to their members. Contact League Liaison Natasha Melugin
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28. Join us at REAL Solutions To Learn more contact Laura Vann or Adena Whitman LSECU Visit http://realsolutions.coop
Emily and Karen are girl hood friends. Both of them got their first credit card in college and carried the same $8000 balance. Both bought a $20,000 cars upon college graduation. They both spent $350,000 on their first homes and when they turned 40 moved to larger homes costing $450,000 But that is where the similarity ends.
Emily and Karen are girl hood friends. Both of them got their first credit card in college and carried the same $8000 balance. Both bought a $20,000 cars upon college graduation. They both spent $350,000 on their first homes and when they turned 40 moved to larger homes costing $450,000 But that is where the similarity ends.