c. myblog

September 7, 2017

Hidden Cost of Addressing Liquidity Needs

Loan growth is a good thing, but when it outpaces deposit growth, liquidity pressures start to build. If your credit union is experiencing this situation, there are several liquidity options to consider—each of which comes with its own unique trade-offs. Here we look at two of them. Third-Party Borrowings Third-party borrowings are a common source […]

August 30, 2017

Three Practical Ideas For Intentionally Strategic Boards

The following article was written by c. myers and originally published in the CUES Professional Development Library on August 14, 2017. Board governance is a hot topic, as it should be. Effective boards and board members are essential to the success of the credit union industry. And it’s a fact that boards need to continue […]

August 23, 2017

Balancing Credit Union IT Projects Using A Member-Centric Approach

Technology innovation is exciting!  The newest technologies can change credit union business models, create a new customer experience, improve service, and reduce costs.  Consumers have more choices for ways to conduct their financial transactions than ever before, and we are a culture that values choices. Leaders face questions about how to best utilize the credit […]

August 16, 2017

Are Today’s Borrowers Finding Your Credit Union?

Today’s buyers shop differently than in the past. As the first generation of digital natives comes of age and begins to seek loans in earnest, research shows that they go about the buying process differently than previous generations, doing more research and getting more recommendations before interacting with sales people. The Zillow Group Report on […]

August 10, 2017

CECL: Takeaways and Considerations from Recent Workshops

CECL is much more than an accounting issue and being focused only on compliance is shortsighted. The effects of CECL will transcend every area of credit unions and the implications, if they are understood, can be anticipated and prepared for. Communication with senior management is crucial to gain buy-in to these implications. C. myers has […]

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