Even small and low-income credit unions can offer mobile banking by partnering with their trade associations or business partners. In fact, you'll notice in our page 1 story, a higher proportion of the underbanked have mobile and smart phones than do consumers in general. It's an easy way for credit unions to reach out and touch them–and their $1 trillion in annual income.

…You're not re-examining your lending guidelines.

We're bursting with excitement to announce our 2013 Trailblazer awards winners in our next issue. Here's a little sneak peek into the Credit Union Times 2013 Trailblazer for Service to the Underserved. This credit union, with fewer than $100 million in assets, has customized its loan underwriting standards to meet its low-income members' needs and abilities while generating assets for the credit union. If this credit union can do it, so can others that are willing.

…You're not keeping up on collections.

Related to lending guidelines, collections are important to any lender and should not be swept by the wayside because that member is a good guy or gal. They also shouldn't be ignored. Some credit union professionals believe that collections are a bad word in credit unions because you're the good guys. Collections need to be handled professionally and not in a badgering manner, but the credit union owes it to every other member of the credit union to pursue collections. 

…You're not outsourcing.

Partner with other companies in areas where your credit union can't possibly keep up. Make sure you pick one that meshes with your culture and you trust, but you can't handle everything in house efficiently and effectively.

…You're not planning for the future.

Last week, I wrote about board succession planning, but perhaps more important is executive succession planning. Small credit unions and others must stop bemoaning the loss of small credit unions, many due to lack of succession planning, and do something about it. If these credit unions truly don't have the time to think about their future, they shouldn't expect to stay in business.

…You're not keeping up on compliance.

I've been truly astounded recently to learn of some very large credit unions that do not have someone overseeing compliance. With all that's coming out of the Consumer Financial Protection Bureau, the NCUA and other relevant regulators, it's difficult to imagine comprehensive compliance across credit unions' various departments without someone coordinating it. Perhaps this is something to outsource.

…You're not involved in social media.

Social media can be a powerful tool for information sharing. It's content marketing with attention deficit disorder. But when you catch a member or potential member just right, you can really hold their attention and engage with them. Similar to branding, your credit union must be in front of the member all of the time so you can hit them at the right time. 

For example, someone is on Twitter conversing about buying a car, your marketing department could respond by tweeting back to them, including a link to a blog post on your website about what to consider in choosing an auto lender. Of course, on this blog post is an ad unit for your latest rates linking to your loan page with a loan application right there on your site. 

…You're not here tomorrow.