Border Federal Credit Union knew it was helping people help themselves, but after more than a decade of providing financial counseling, the credit union had no easy way of proving it. Today, BFCU uses a digital dashboard that measures its efforts, which include credit-building loans tied to counseling, at improving members’ financial lives. BFCU provides financial counseling to more than 500 people a year, nearly all of them Latino. Two-thirds of them are female heads of household and half have an annual family income of $30,000 or less.
Read: "A Path To Financial Independence"
Nearly 5,500 of the nation’s credit unions reported holding auto loans on their books in the first quarter of 2018. That’s 97% of the industry. These 5,485 credit unions held 23.5 million auto loans. Credit union auto loans increased 10.8% year-over-year to reach $343.6 billion as of first quarter.
Read: "Auto Lending By The Numbers"
Credit unions kicked off 2018 on a solid note. Although some growth rates were slower than six months ago, membership grew at a strong pace. The movement recorded its largest-ever quarterly increase in members — 1.4 million net new members — during the first quarter. Loan originations hit $119 billion, a record level for the first quarter, and the loan-to-share ratio reached 80.7%. But as credit unions, larger ones in particular, post strong results, many are positioning themselves for long-term success.
Read: "Ask Tough Questions Before Investing In New Capabilities"
Ghosting, the practice of ending a relationship suddenly and without explanation, is not a new concept. Though it was millennials who gave the practice the flippant moniker, people have been doing this forever, we just never had slang for it. According to recent estimates, some 50% of men and women alike have experienced ghosting. And increasingly, ghosting is haunting the workplace. Why?
Read: "Say Anything: Why Prospective Employees Are Ghosting Prospective Employers"
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