Posts Tagged ‘business’

Announcing the EverythingCU.com Loan Report

January 31, 2013

Exciting news…. we are proud to launch a brand new product here at EverythingCU.com. Building on the long-running success of our Marketing Budget Report, we’ve now built a super-dandy Loan Report.

This Loan Report has all of the same great peer group comparisons as the Marketing Budget Report (virtually any number of peers from 10 to 5000, compare by Assets, Number of Members, or Total Loans), and compare by State, Region, or the USA.

But this new Loan Report has FAR more comparison data because the NCUA 5300 has much greater detail about loans.

This nifty new Loan Report lets you view these loan breakouts:

• Total Loans
• Mortgages
• Other R.E.
• New Auto
• Used Auto
• Credit Cards
• Unsecured
• Business Loans
• All Other Loans

And in addition, for each of these loan breakouts, we offer a full variety of View Modes:

• Rate
• Average Size
• Percent of Total
• Loans per Member
• Growth Rate
• Charge-offs
• Total Expense
• Net Worth ratios
…. and several more

But don’t take my word for it, try out the demo! In demo mode, you will be able to view only the Total Loan category in the “Current” View Mode. But all of the data is there if you would like to purchase it.

We think this report will be especially valuable for CEOs and VPs of Lending, but it is also great for CFOs, VPs of Marketing who are concerned with the CU loan portfolio, anyone on the ALM or Supervisory commitees, board members, and branch managers. So be sure to tell everyone at your CU who would benefit!

As with all of our products, purchase of the Loan Report makes it available to ALL registered employees at your CU. If they are not already registered, you can Invite Them Here.

Check it out and let us know what you think!

KickStart results are in… and they are outstanding

January 7, 2013

KickStart is EverythingCU’s new online lending product. Carole Wight, President of Holy Rosary Credit Union in Kansas City, MO is using KickStart, and is thrilled with the results.

With the release of the latest 5300 NCUA report through the Third Quarter of 2012, we now have some hard numbers that show Carole’s outstanding loan growth improvement with the help of her new KickStart Lending tool.

Holy Rosary’s Total Loans (Acct 025B in the 5300 report) over the last several quarters looks like this:


Dec 31, 2010: 4,758,649
Mar 31, 2011: 4,647,966
Jun 30, 2011: 4,623,701
Sep 30, 2011: 4,719,143
Dec 31, 2011: 4,918,250
Mar 31, 2012: 7,623,506 <– Merger with a smaller CU
Jun 30, 2012: 7,607,091
Sep 30, 2012: 7,906,605 <– 1st full qtr w/KickStart

So as you can see via the numbers above, aside from their merger, KickStart has helped them see significant growth in the loan portfolio for the first time in quite a while. Besides the 4Q of 11, and the merger in 1Q 12, loan growth has been almost non-existent or even negative. Now armed with KickStart, Carole and her staff are able to serve members who want loans who can’t make it into the branch for whatever reason, or who want to apply for a loan during non-business hours. This most recent quarter represents loan growth of the portfolio by $299,514, which is a 3.94% increase. If that rate of growth continues, the CU will see a $1.2 million increase on a yearly comparison basis, which translates to a 15% increase on a starting loan portfolio of $7.6 million.

You can understand how excited we are for Carole to be having such fantastic success with KickStart, and for her members that are being served even better than they were before. It’s a joy for us to see Carole’s happiness with the service backed up by the proof of the NCUA 5300 report.

Thank you Carole for being such a great KickStart client! We are so thrilled that it’s working excellently for you, your staff, and your members! We are eagerly looking forward to more credit unions adopting KickStart and helping even more members apply for their loans online quickly and easily.

For more information about KickStart, just click here.

Especially valuable for small credit unions

September 27, 2012

Matt and I recently had the pleasure of attending a small credit union conference in Zoar, Ohio, called Making History 2012. It was hosted by CDFI grant writing specialists, CU Strategic Planning led by Jamie Chase and Chuck Cockburn.

One of the reasons we were especially excited to attend was to meet in person one of our favorite clients, Carole Wight, President of Holy Rosary Credit Union in Kansas City, Missouri. Carole was a delight, and the work that she does at her credit union is impressive. Carole also uses KickStart, our online loan generator, and she loves the product. So much so that she wrote the following email to the Director of the Office of Small Credit Unions in Missouri:

Kevin:

I had to write you about EverythingCU.com. I use this site constantly.  You can download sample documents, get advice, purchase an online switch kit, watch inexpensive marketing webinars and have an online loan application system.

I soon will use all of their products. My outreach efforts are stronger as a small credit union because of this site.  Go to my homepage and look at my online loan application. The beauty is that it is designed so that there is no non-public personal information exchanged with social and account number.  It is just simple, but it works. I paid under $500 for the year for this site.  My loan volume has increased as a result.

Small credit unions need a tool like this. In my humble opinion, if they don’t see the value, we need to help them see the value. I would be happy to answer any questions you might have or meet with you. This is probably my number 1 tool for marketing information.

Thanks, Kevin.  Please feel free to have any interested credit union contact me also.

Carole Wight, President
Holy Rosary Credit Union
Kansas City, MO  64106

We are quite honored to call Carole a friend, as well as a client.

Ed Filene on embracing social media

August 30, 2011

There has been a long-running topic on EverythingCU.com about how to get management on-board with social media when they are dead-set against it. Over the last couple of years, many suggestions have been offered about ways to accomplish this objective.

My favorite so far comes from Andy Anderson, a credit union marketer in Atlanta this morning. He quotes Edward Filene:

“If you are going to do business, you will have to do it in this new world; and I haven’t lived in this new world any longer than you have. It is stranger, in fact to me than it is to you.”

Andy informs us: “This was his speech before the School of Business Administration of the University of Buffalo in 1936.”

These words that Edward spoke 75 years ago are as true and relevant today as they were then. I think that had Ed Filene lived in this day and age, he would have whole-heartedly embraced social media, and used it to spread the word about credit unions throughout the land.

Thank you for sharing this with us, Andy!

SEG Inreach Webinar

May 31, 2011

 

Webinar - SEG Inreach

We have our SEG list but when was the last time we called them? What do we say? Where do we start? In this session, Josh Allison shares his story of starting from scratch and rebuilding a community partner program into a vibrant outreach vehicle. In this session, you will learn the strategies needed to develop mutually beneficial relationships with new and existing SEGs using Dunay’s four C’s of business development: content, connection, communication and conversion.

 

Attend this webinar and learn:
  • Start small and still finish big.
  • Speak to your partners in a way that will make them actually want to listen to you.
  • Create internal SEG advocates that will share your message for you.
For more information or to sign up, click here.

 

100% of the economy

March 31, 2010

The latest economic data has been released, and the media is reporting that consumer spending increased slightly in January despite the fact that consumer income hasn’t increased. Apparently this is a good sign because it shows that consumer confidence is increasing if people are willing to spend from savings.

Invariably, reporters will say things like: consumers account for almost three quarters of the economy in this country.

Multi-hued Hatian tap-tap busI’ve always found such a statement to be mildly absurd. It implies that there are two different economies, a business-to-business economy and a business-to-consumer economy. The reality is that the economy is an incredibly complex and intertwined web of interactions between people and businesses in a multi-hued cacophony.

House constructionIf consumer demand for housing rises, it will create more jobs for construction companies, which in turn creates more jobs for the companies that sell products to construction companies, which in turn creates more jobs for the companies that sell products to companies that sell products to construction companies. But at the end of the day, none of this would be possible if people didn’t buy houses.

Business-to-business spending only occurs because somewhere down the line there is a business-to-consumer transaction.

News flash to economists and business people: 100% of the economy is driven by….. wait for it….. people.

Unless dogs start spending their own money for the treats they really want, all money is transacted by human beings. (Perhaps Boston Thumb Cats could whip out cash for catnip purchases?)

So while we’re at it, let’s also strike the word “consumer” from our vocabulary. Consumer is just a fancy jargon-y word, designed to distance our thinking from the concept it replaces, which is “a person who buys things.” Since we’re all people who buy things, let us simply replace the word “consumer” wherever it occurs with the word “person.” Kinda puts things in a more human perspective, which is A Good And Useful Thing.

Yammer

September 11, 2008

This is a blog post containing an Utterz about Yammer. Which was then auto-tweeted. Clear?

Mobile post sent by mmpartee using Utterzreply-count Replies.  mp3

Laura Fitton (@pistachio) has evolved her company to focus exclusively on microsharing, and has a great post on Yammer.