c. myblog

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 […]

January 20, 2011

When Will Loan Demand Pick Up?

This is the question at the forefront of many people’s minds—particularly as loan balances continue to decline and deposit costs move closer to their floor.  It’s a great question but impossible to answer with certainty.  Since our crystal ball is as cloudy as the next, perhaps a better way to approach the question is to […]

December 17, 2010

Outlook for 2011

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

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