Many thought that the recent Fed actions would drive rates lower, or at least help keep them at their extraordinarily low levels. However, in the roughly seven weeks since the Fed announced the second round of easing, the 10-year Treasury rate has actually increased about 100 bps, from 2.5% to about 3.5%. Thirty-year fixed mortgage […]
As we wrap up 2010, c. myers is interested in the outlook of credit union management teams as they prepare for 2011. Please take a moment to follow the link below and answer a brief 4-question poll. Your answers are anonymous and will not be made public. Thank you for your participation—happy holidays! http://www.cmyers.com/survey/index.php?sid=52415
Don’t be confused. The 17-4 Gross Test is not the same thing as net economic value (NEV). NCUA describes the 17-4 as a “quick and dirty” interest rate risk measure. It is calculated by devaluing fixed-rate mortgages by 17% and adjustable-rate mortgages by 4%. These devaluation factors represent the price loss on newly issued loans. […]
Many credit unions rely on the corporate credit union system for mission-critical functions; however, changes in the corporate system are imminent. Alternative providers could possibly include other corporates, newly formed CUSOs, the Federal Reserve, large banks and publicly held companies. It is important to objectively evaluate each on their real merits. Following are just a […]
It’s no secret that advanced cell phone technologies have begun penetrating our everyday lives. Consider that in the third quarter of 2010 alone, 81.1 million Android handsets were sold and 13.5 million iPhones were sold according to International Data Corporation (IDC). Moreover, according to FierceMarkets, U.S. cell phone penetration reached 101% at the end of […]