Regulation E and potential interchange legislation are looming, but credit unions are choosing to take an optimistic approach to 2010.
Regulation E and potential interchange legislation are looming, but credit unions are choosing to take an optimistic approach to 2010. To that end, this week, Callahan & Associates is providing the tools to help you make the most of issues you CAN control.
First, take all the insight and energy from GAC and put that into action. We're giving a voice to the industry with our GAC wrap-up series. Your peers had plenty to say about the challenges facing credit unions today. To learn more about the data behind the voices, attend Callahan's complimentary fourth quarter Trendwatch call this week.
Next, don't let the GAC networking and collaboration wind down. Whether through CUSOs or otherwise, collaboration holds the promise of increasing income and reducing costs. How will collaboration benefit your credit union?
Then, consider how your credit union will take its credit card program into 2010. The credit card landscape is rapidly changing, understanding that change is critical for growing a prudent, profitable program.
Finally, despite concerns about asset quality, credit unions built allowances and improved coverage ratios in 2009. Examine your credit union's 2009 performance and plan an optimistic move into 2010.