Blogs
CECL Implementation: In-House Vs. Outsourcing Considerations
BY MATTHEW JACOBSEN - Vice President In the past couple of years, credit unions have been inundated with the onset of the new FASB CECL standard. Planning process elements include: developing an understanding of the new standard, engaging the necessary credit union...
Strategic planning, and the race against time
BY SCOTT BUTTERFIELD - Your Credit Union Partner Strategic planning season is underway, which means more of us are immersed in research, evaluation of data, and best practices to make sure our teams have the depth and breadth of relevant knowledge needed to chart our...
NEW SHOES, NEW SHOES – Taking the Right Steps When Choosing Outsourced Solutions for Your Credit Union
BY CYNTHIA R. WALKER - CEO “New shoes, new shoes, / Red and pink and blue shoes” is the start of one of my favorite childhood rhymes. My sisters and I love shoes, and the beginning of a new school year meant a new pair of shoes. Several of us had narrow, long feet and...
CU-ALM Report: The Changing Tides of Non-Interest Income
BY JEFFREY JOHNSON Average fee and other operating income were both increasing leading up to the financial crisis. However, since the financial crisis, fee income has been steadily decreasing and other operating income has been increasing. The increase in other...
ALCO – Always Looking Constructively
BY CYNTHIA R WALKER, CEO The Asset Liability Committee plays a large role in the strategizing and performance of a credit union. Understanding the ALCO’s role and how to organize and utilize an effective ALCO can be ever changing and worth reviewing. Whether...
Consumer Lending: Leave No Stone Unturned
BY SCOTT BUTTERFIELD, GUEST AUTHOR Today’s competitive landscape requires many different loan-growth strategies that range from squeezing a little more from indirect auto channels, to a plan to increase higher-yielding consumer loans. Today’s lenders are always...
Minding the Margin
BY MATTHEW JACOBSEN The Federal Funds rate has now been increasing since December of 2015. The current Federal Funds target rate is 1.75% at the time of this writing. The U.S. Treasury curve three-month to five-year terms have also been increasing during this time...
Mary, Mary, Quite Contrary
BY CYNTHIA R. WALKER, CEO “Mary, Mary, quite contrary, how does your garden grow?” is the beginning of a popular nursery rhyme and comes to mind while thinking of how the credit union system has grown and changed over the last 10 years. As of June 2007, total...
What Do Auto Loan Delinquency and Charge Off Trends Mean for Credit Unions?
BY JEFF JOHNSON I have read articles recently describing the potential rise in auto delinquencies and charge offs. I often wonder to myself as to how applicable these numbers are to credit unions or to a specific credit union. Historically credit unions have trends...
Ensuring Data Completeness and Integrity
BY MATTHEW JACOBSEN Achieve Better Measurement, Performance, and Member Service As data storage, computation, and analysis technology continues to advance, many financial institutions continue to leverage this evolution to improve performance and customer service. At...