By Jeff Johnson Early withdrawal penalties are designed to be a deterrent to members from withdrawing their certificates of deposit before the maturity date. In the current low interest rate environment, the penalties most credit unions impose may not act as...
By Mark H. Smith, Founder, Mark H. Smith, Inc. Rates have been at historic lows for over six years. The Fed has (sort of) promised a modest rate hike later in 2015. The most common question we hear at Mark H. Smith Incorporated (MHSI) is, what will my non-maturity...
By Cynthia Walker, CEO, Mark H. Smith, Inc. Exposure to IRR Remains a Top Priority for NCUA NCUA has announced their regulatory focus for 2015. Several of the regulatory topics are of particular interest to our readers. NCUA’s January 2015 Letter to Credit Unions...
By Mark H. Smith, CEO, Mark H. Smith, Inc. NCUA has proposed major revisions to its original Risk Based Capital (RBC) Rule published early in 2014. The revisions include major changes in the number of credit unions impacted, the implementation period, and the risk...