In the 1920s, with increasing wages and credit now available to many households, the United States became the world's first mass market.
THE 'tude
Two philanthropists played significant roles in the effort to make small loans more affordable to working people: Margeret Olivia Slocum Sage, also known as Mrs. Russell Sage of New York, and Edward A. Filene of Boston.
The easiest and quickest source of credit for the poorest households in the 19th and early 20th century was the pawnshop. An article of clothing or some other object could be pawned for cash and later redeemed.
In 2012, Whitefish Credit Union decided to take a slightly different approach to connect with area high school students by starting a Junior Board of Directors.
Lisa Critchfield of Upworthy.com recently told CO-OP’s THINK Conference that when it comes to social media, the biggest misunderstanding is that it isn’t about the media, it’s about the social. Or, at the very least, the desire to be social.
Credit unions were one of a number of American institutions that tackled the credit problems of the urban working class in the early 20th Century.
The NCUA approved 12 mergers in March 2015, which is down from the 22 mergers in March of last year.
It has been less than seven years since the occurrence of the event in credit union history often referred to as the “corporate crisis.” And yet, those who should have the most knowledge of what happened continue to misinterpret and wrongly state the actual facts. It is disturbing to continually read news accounts that are inaccurate and poorly researched.
Ready or not, the migration to chip-based cards using the EMV specifications is underway. While there is growing urgency due to a looming liability shift and increasing market pressures, many financial institutions are overwhelmed by the number of decisions that must be made – and made quickly.
We’ve all known the beautiful girl who shies from the camera, insecure that all the other girls are prettier. The gifted leader who dodges leadership assignments, confident everyone else is better. That “great little restaurant” where you can’t get in, but the owner fears the bigger restaurateurs have it all figured out. Credit unions, meet thyself.