c. myblog

May 3, 2012

The CFPB Starts Flexing Its Muscles

The CFPB is coming online and has begun proposing rules and examining financial institutions.  While questions still abound on the bureau’s stance and operations, credit unions should consider the potential impact of new regulations.  For example, most credit unions weathered overdraft protection regulations fairly well by getting members to opt-in.  However, the CFPB is currently […]

April 26, 2012

Bits And Bites For The Board

NCUA’s new rule on interest rate risk emphasizes board-approved policy and oversight by the board.  The board is also responsible for setting strategic direction.  With the speed of change the industry has experienced lately, keeping board members apprised of all that’s happening has become more challenging than ever. Board meetings typically focus on the day-to-day […]

April 19, 2012

Have You Reviewed Your Policies Recently?

Historically, credit unions may have been wary of making material changes to their policies, whether an A/LM policy, Liquidity policy, Investment policy or broader Financial Management policy – for fear of raising regulatory “red flags.”  However, with the adoption of the final rule on interest rate risk (§741.3(b)(5)(i)), and the effective implementation date of September […]

April 16, 2012

Is NEV Capturing The Risk Of Declining Asset Yields?

Short and long-term market rates have been at—or near—record lows for almost 3.5 years.  This has resulted in credit unions continually replacing higher-yielding assets with lower-yielding assets.  This is creating earnings challenges at many institutions, particularly as the cost of funds is nearing a “floor.” So, is your NEV analysis reflecting this risk?  The answer […]

March 29, 2012

Thinking Strategically About The Impact Of Efficiency

Many credit unions, rightfully so, are focused on efficiency.  One way to become more efficient is to have the member use the least expensive delivery channels for the credit union.  Those delivery channels usually do not involve personal contact, at least initially.  If your credit union is contemplating an efficiency strategy, part of the implementation […]

Start typing and press Enter to search