Credit Union Case Study

There are more than 11,000 employees employed at the Navy Federal Credit Union. There are 250 branches around the world. A good majority of the employees work in a traditional working environment. A survey on the Navy Federal Credit Union was conducted and showed that 94 percent of the employees think that they have a great boss. Within that category 74 percent of the employees said “managers often or almost always act with integrity and care, are competent in their positions and provide clear directions and vision for the organization. Another 15 percent say their managers sometimes display these characteristics” (http://reviews.greatplacetowork.com/navy-federal-credit-union). Overall the employees feel that their jobs are secure, the

Members of Carolinas Telco Federal Credit Union have access to a variety of share accounts designed to help them reach their financial goals. These feature-rich accounts provide our members with the same convenience and functionality they would expect from a bank, but better!

First South Credit Union is the business that I chose to perform a risk identification analysis on. First South Financial Credit Union serves the entire Mid South community. In order to be eligible for membership you must live, work, worship or attend school in any of the following areas, Memphis Metropolitan Statistical Area (MSA), Dyer County, Madison County, and North Nashville. First South Financial was founded in 1957. It was originally established to serve the personnel on the Naval base in Millington, they have grown into one of the strongest and safest financial institutions in the entire nation, according to all independent rating agencies. They have locations throughout the Mid South along with a full suite of electronic products

The Board of Directors has shown interest in the Hispanic Growth Strategy as well. They have also acknowledged the lack of diversity within their board and it’s an issue. Coopera suggested looking at an associate board position and considering bringing in key Latino community leaders to some of the board meetings during a meet and greet so that they are exposed to the Latino community, but also get to meet potential board candidates. Coopera shared these strategies have worked well for other clients.

A general increase of revenue each month will prove that the business’s new strategies are working effectively.

To address the risk associated with business account kiting schemes, credit unions should perform a risk assessment by evaluating the business member’s creditworthiness before approving a checking account. The idea is to offer checking accounts to business members who are least likely to abuse the account, which could result in large losses to the credit

Due to lack of bi-lingual teachers there is a large need for a monolingual assistant.

In recent years, the company experienced a rapid growth and expects a substantial increase in sales in the spring of

1 inaugurated its Mexican-American Studies Department in 1998. The teachers say that evaluations of their department “have consistently shown that students who take and complete … course offerings pass the state required AIMS test at higher rates, graduate from high school are higher rates, have improved grades and matriculate to college at high rates while decreasing in the areas of discipline, poor attendance or dropping out of high school.”

Thanks to company’s savvy business strategy, both sales and earnings have increased rapidly for the last several years.

Although there has been a slight increase in Science, the results are still less than desirable when compared with other schools in the district and the City. As seen in the graph, only 14% of the students passed at Levels 3 and 4 in 2004 and by 2005, only 18% were able to pass at the same levels.

What excites you the most about the future of financial services in the Hispanic market?

he Gramm-Leach-Bliley Act, which is implemented by Regulation P, requires credit unions to provide their members with initial and annual privacy notices that inform members about the sharing of nonpublic personal information with third parties. The notices required by Regulation P must be clear and conspicuous, and disclose, in detail, the institution 's privacy policies. In addition to the annual privacy notice, credit unions are also required to inform members of their right to opt-out of the sharing of nonpublic personal information with certain types of third parties.

While growing up I did not realize the difference between a bank and a credit union. As soon as I started working a job my parents always made me save a certain percentage of my paycheck. I currently have savings accounts in the SHP Federal Credit Union and Fifth Third Bank. Once I started learning how to manage my money I soon started to become familiar with the credit union difference.

As the economic condition and consumer sentiment improves, JBH might be able to fully capitalize and book unexpectedly strong growth in the next several years. On the other hand, if expected economic recovery turned out to be a disappointment, or management decided to abruptly halt the company’s expansion, the assumed growth rate might be too optimistic.