Disaster Mortgage Insurance. Sounds important. But if your member has a mortgage, they already have homeowners insurance; it’s required. So who cares? Why consider another layer of protection? Wouldn’t the benefits be included in a typical homeowner’s policy if it really mattered? And most importantly, if a member wanted it,…
Your financial institution has more data on your account holders than Amazon does on their customers. How are you taking advantage of that superpower? If you’re like most institutions, you have a kryptonite standing in the way. Your data is not in a form you can use to create x-ray…
Beyond a Fad, Texting is a New Normal Did you get the message? We’re back again to talk text messaging and your financial institution. This time, we review the pros and cons, while uncovering texting’s many uses throughout your institution. 9 out of 10 consumers want to use text messaging…
Your mission is all about helping people thrive through a range of financial milestones. To continue this effort, you must remain solvent and profitable. A concept called Collateralized Mortgage Obligations might just help advance both goals. Read on to learn if this investment strategy makes sense for your bank or…
“Diversification is the most important component of reaching long-range financial goals while minimizing risk.” That’s what the experts say. I believe it. What about you? It’s the old, “don’t put all your eggs in one basket.” You’re about reducing risk. Yet you also want to earn a return. That’s fair….