Alternative Liquidity Funding Sources

BY MATTHEW JACOBSEN – VICE-PRESIDENT True to its traditional roots, a credit union has tended to fund the balance sheet with retail shares or deposits borrowed directly from its members. Liquidity has been maintained by relying on the corporate credit union...
The Changing Tides of Non-Interest Income

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...
Member Regular Share Vs. CD Migration Analysis

Member Regular Share Vs. CD Migration Analysis

How The Interest Rate Environment Affects This Relationship By Matthew Jacobsen, VP In June of 2006 the federal funds target rate was at 5.25%. From 2007 to the end of 2008 the rate was decreased to a range of 0.00% to 0.25% where it remained until December of 2015....
CECL and Comprehensive Loan Analytics Survey Results

CECL and Comprehensive Loan Analytics Survey Results

Mark H. Smith, Inc. recently conducted a survey on CECL and Comprehensive Loan Analytics. This was a follow-up survey to the CECL survey we conducted earlier in the year (see previous CECL survey results here). This survey was designed to assess Mark H. Smith, Inc....
Revisiting Interest Rate Risk: It is Still a Factor!

Revisiting Interest Rate Risk: It is Still a Factor!

For almost a decade, short term interest rates have been manipulated and driven down to historically low levels by the Federal Reserve. Even today, short term rates remain near lows. For some financial managers in the credit union sector, that’s all they have known....
Utah First FCU Success In The Face Of Intense Competition

Utah First FCU Success In The Face Of Intense Competition

Utah First Federal Credit Union continues to succeed and outperform the majority of its peers. Based in Salt Lake City, Utah, Utah First is not lacking for competition. It’s true that at $304 million, the credit union has resources that many small credit unions don’t....