c. myblog

March 6, 2014

Make “Silo” Thinking a Thing of the Past: A/LM Education and Decision Filters

One of the challenges of running a successful credit union, and any business for that matter, is “silo” thinking in which talent is focused solely on individual areas and has lost sight of the bigger picture. Making decisions in isolation can be detrimental to the overall success of an institution. However, effective A/LM education and […]

April 26, 2012

Bits And Bites For The Board

NCUA’s new rule on interest rate risk emphasizes board-approved policy and oversight by the board.  The board is also responsible for setting strategic direction.  With the speed of change the industry has experienced lately, keeping board members apprised of all that’s happening has become more challenging than ever. Board meetings typically focus on the day-to-day […]

December 16, 2011

Aggregating Risks To Net Worth—The Credit Risk Component

During a recent education course, we fielded the following question:  “How do you develop a proxy for a worst-case loan loss assumption when aggregating risks to net worth?” This is a great question and it stimulated lively discussion.  While there is not one right way, the following method has been valuable in developing concentration risk […]

January 14, 2011

Financial Literacy For Volunteers

Regulations from NCUA released last month are now putting more emphasis on a board of directors armed with enhanced understanding of finance and accounting concepts: Part 701.4 (3) Each Federal credit union director has the duty to… At the time of election or appointment, or within a reasonable time thereafter, not to exceed six months, […]

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