Articles & News About Your Credit

Credit Union Study Participants to Receive Free Peer Benchmarking Data

Scottsdale, AZ (PRWEB) June 5, 2008 -- Cornerstone Advisors (http://www.crnrstone.com) announced today plans to publish the results of an extensive credit union peer benchmarking survey that will collect hundreds of detailed productivity and staffing benchmarks.

"The information we will present in The Cornerstone Report 2008: Benchmarks and Best Practices for Credit Unions would cost credit unions hundreds of thousands of dollars to obtain from traditional research and consulting sources," according to Scott Sommer, Cornerstone Advisors president and chief executive officer. "We're offering it for a small investment of their time."

Credit unions nationwide with assets of $350 million or more are being invited to participate in The Cornerstone Report 2008. The survey instruments for the study were developed in conjunction with a 10-credit union advisory board that worked closely with Cornerstone to fine-tune the data collection to be most pertinent to credit unions. "We firmly believe that the contributions made by an advisory board consisting of peers will produce a collection of credit union data that will be extremely relevant for efficiency and delivery improvements," Sommer said.

The report's compiled benchmarking data will provide credit unions with metrics in 12 key credit union areas, including retail banking, deposit operations, mortgage banking, consumer lending, investment services, enterprise risk management and information technology. In addition, credit unions that participate in The Cornerstone Report 2008 will receive a number of personalized benefits, including a customized Cornerstone Scorecard® that details peer comparisons across more than 250 metrics, a pre-publication review of performance-enhancing best practices, and benchmark information broken down by geographic region and credit union size/volume levels.

"As credit unions head into planning season, this will be an indispensable tool in their efficiency and productivity improvement efforts," Sommer stated. "Credit unions in the $350 million plus range that complete this no-charge survey will be able to gauge every function in the credit union objectively."

The Cornerstone Report 2008 Advisory Board consists of CEOs from American Eagle Federal Credit Union ($1 billion), East Hartford, Conn.; American First Credit Union ($670 million), La Habra, Calif.; BECU ($8.1 billion), Tukwila, Wash.; Bellco Credit Union ( $1.6 billion), Greenwood Villa, Colo.; Ent Federal Credit Union ($2.5 billion), Colorado Springs, Colo.; FORUM Credit Union ($1 billion), Indianapolis, Ind.; Franklin Mint Federal Credit Union ($432 million), Broomall, Penn.; Idaho Central Credit Union ($622 million), Pocatello, Idaho; Sikorsky Financial Credit Union ($520 million), Stratford, Conn.; and Teachers Credit Union ($1.9 billion), South Bend, Ind.

This is the sixth in a series of benchmarking studies published by Cornerstone Advisors. Alternate year studies feature data collected from a survey of mid-size banks ($1-40 billion in assets).

Cornerstone Advisors, a management consulting firm focused exclusively on banks and credit unions, provides services in the areas of: strategic planning, benchmarking and best practices, process reengineering, technology assessment and planning, system selection and conversion oversight, vendor contract negotiation, risk management and merger integration. The Cornerstone team founded industry renowned GonzoBanker (http://www.gonzobanker.com) and authors The Cornerstone Report: Benchmarks and Best Practices for Mid-Size Banks and The Cornerstone Report: Benchmarks and Best Practices for Credit Unions.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Bad Credit Loans Made Easier by Pre-Approval
Tricks to Improving Your Rankings

Credit Score Piggybacking Lives On
Fair Isaac Corp., creator of the widely used FICO credit score, announced last year it would end piggybacking. However, during Congressional testimony Tuesday, they acknowledged that this decision had been reversed.

How Credit Report Inquires Affect Your Credit Rating
If you are like the vast majority of consumers, you understand how credit works, to a very limited extent. In other words, you have a line of credit somewhere, and as long as you do not exceed your credit limit and pay at least the minimum amount on time every month, everybody is happy. But there are some additional things about credit reports that you should know.

Applying For Credit Card With A Bad Credit Rating
Have you found yourself in a downward spiral trying to get caught up on bills, yet only finding your debt climbing higher and higher? Unfortunately, that is a reality for many people in society today. The amount of debt per family in the United States is at an all time high. This type of spending behavior and financial planning will lead you to have bad credit. That will only add to your cycle, as you will find your interest rates for major purchases and credit cards with climb as your credit rating falls. Thus, you will struggle more and more financially.

Increase Your Sales By Accepting Credit Cards
It?s a given that running an online business means that you need to accept credit cards. If you don?t then you are losing as much as 70% of your sales to competitors who do accept credit cards according to an article published by Forbes Magazine. But it?s not just online businesses that suffer lost sales by not accepting credit cards. That same 70% figure, and higher in some cases, is applicable for off-line businesses as well.

An Education-Related, Rewards Credit Card Is Now The Most Popular No Fee Balance Transfer Credit Product at The BalanceTransfer.cc Website
Credit cards that offer a 0% introductory annual percentage rate (intro APR) on balance transfers, and don't charge a fee for transferring credit card balances, have been very popular at the BalanceTransfer.cc website. As of the end of last month, however, the Citi Upromise credit card has taken the number one spot at BalanceTransfer.cc, not only as the site's most popular "no fee balance transfer" credit card, but also as the site's most popular card across all categories.

Small Business Credit For Any Type Of Business
Small business credit is essential regardless of the type of products or services you offer You just never know when you will need to access credit so have it readily available

Can I Really Get A Mastercard With No Credit?
Having a credit card can come in very handy. It allows you the freedom to make a large purchase for a television that you have had your heart set on or anything else. It can even help you pay for food if you are a little short on cash for the week. The options are virtually endless. There is no reason why you can?t get a mastercard with no credit. Don?t? get me wrong it?s not going to be as easy as if you had good credit. There are so many people that don?t have any credit and get a mastercard. There are just a few things that you will need to do in order to get your very own mastercard with no credit.

Credit Scores and Auto Insurance
In today's world your credit score is used for almost everything and your credit history is examined when you apply for mortgages, personal loans, bank accounts, credit cards, and sometimes even when you're applying for a new job. As well, your credit score is a factor in whether or not you can obtain auto insurance, and how much you will pay for it.

Credit Cards Today
Despite the fact that interest rates are rising and the credit crunch is here there are still good reasons to use your credit card Card issuers are still actively looking for new customers and those with good credit ratings can get competitive deals, you do not need to get into high rate deals

Bankruptcy Credit Counselors and Debtor Education Providers - New Legal Compliance Obligations and Challenges
Bankruptcy counseling and credit counseling agencies have the rare opportunity to undertake a full review of what's happening with the IRS, the status of bankruptcy counseling and debtor education, changes to state laws and the real trends in the industry at one educational conference.

Credit Cards With Cash Rebate - Are You Getting the Best Value?
Credit cards with cash rebate incentives give back cash rewards to the cardholder every time a purchase is made on their credit card. There are a lot of choices regarding different types of rewards credit cards.

Credit Card Fraud
How do people obtain your credit card information to make purchases that you might have to pay for? Some of the common ways include:

10 Tips To Improving Your Credit Reports
Credit is something that some take lightly or give little thought to until it?s really needed. There are 10 things that you can do to make sure that your credit is always in good standing so it will be available when needed.