c. myblog

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 […]

January 7, 2011

Recent Rise in Rates…

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 […]

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

November 15, 2010

Do Lower PLL Ratios Mean The Credit Crisis Is Over?

On the surface, recent credit union provision for loan loss (PLL) trends seem encouraging; industry-wide through second quarter 2010, the ratio of PLL to average assets has declined by 31 basis points to an annualized ratio of 0.81%.  However, delinquencies and charge-offs as a percent of loans have only decreased by 11 basis points and […]

November 4, 2010

Hope For The Best, Budget For Reality

Recently, during The Economist’s Buttonwood Gathering, Raghuram Rajan, current professor at the University of Chicago’s Booth School of Business and former chief economist at the IMF, expressed concern over our government’s need to address the deficit.  Rajan stated that, “We need to have a path which brings [the deficit] under control.  It’s very important to […]

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