c. myblog

July 20, 2011

Back In The Subprime Game

In a recent issue of the Wall Street Journal, Lewis Ranieri—once known as the father of mortgage finance—said it is time for nontraditional lenders to enter the market, bringing with them a return to subprime lending.  Ranieri said “the pendulum has swung too far in the other direction,” meaning that lending standards were once too […]

June 24, 2011

The Rise In Checking Account Fees (Something To Consider)

Considering the rise in financial institutions charging fees for checking accounts in anticipation of interchange regulation, do you expect consumers to consolidate accounts?  How might that affect your credit union?

May 24, 2011

Hot Money In Waiting

Many credit unions continue to see higher levels of deposit growth despite lowering rates—and even a rising stock market—as members choose safety and certainty over return.  While the flight to safety has been discussed at length, the gradual shift from CDs to share products has received less attention. Over the past 6 to 12 months, […]

March 17, 2011

Caps On Debit Cards?

A recent article from CNNMoney.com reported that JP Morgan Chase is proposing a cap of $50 (or $100) on individual debit card transactions in an effort to boost transaction volume.  Not surprisingly, they attribute the proposal to the pending changes in rates on interchange income.  Chase claims that debit cards will not be profitable for […]

February 17, 2011

Shifting Deposit Trends

Over the last couple years, credit unions have grown lower-cost deposits.  This growth has largely been the result of a flight to safety that has occurred due to the economic environment.  Certificates of deposit (excluding IRAs) have decreased from a high of about 28% of funding in late 2007 to about 24% as of 3rd […]

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