c. myblog

October 7, 2010

43.4 Million People…

Consider that… “25.5% of consumers, nearly 43.4 million people now have a credit score of 599 or below.” Who knows where credit ratings will be when the economy settles down.  We think it would be helpful for decision-makers to have a strategic discussion on the role credit scores will play in lending decisions: Will the […]

September 24, 2010

Good News! NCUSIF Premium Is ONLY 0.2582% For 2010

The NCUSIF premium was set by the NCUA Board as 0.1242% on September 16, 2010.  This brings the total NCUSIF refunding cost for 2010 to 0.2582% when the 0.1340% for corporate stabilization is included.  This is in the middle of the 15 to 40 basis point (bps) range originally projected by the NCUA in November […]

September 16, 2010

Budgeting During Times Of “Unusual Uncertainty”

Creating a budget is always a challenging and uncertain process.  Developing the annual budget for 2011 may be unusually difficult as there is heightened uncertainty about loan demand, interest rates, investment yields and deposit trends.  Net operating expense concerns include share insurance assessments, threats to non-interest income and provision for loan loss trends—stable, declining, or, […]

September 9, 2010

Annual Long-Term Financial Planning Process: Include A Deflation Scenario

We strongly recommend that credit unions annually invest the time to forecast financial performance for at least three future years.  The baseline forecast should compliment the strategic plan and include the cost of major initiatives, as well as expected growth trends.  If the baseline does not produce satisfactory performance, determine what changes could be made.  […]

September 2, 2010

Are Your Second Mortgages Secured?

As we discussed in our April post, Bankruptcies on the Rise and the Evolving U.S. Debt Burden, bankruptcies have been rising at an alarming rate this year. The trend is likely to continue—it will be interesting to note how the situation evolves (since 1st quarter) when the U.S. Judiciary releases second quarter figures in the […]

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