Tuesday was “Don’t Tax My Credit Union Day.” We know that credit unions do a lot to benefit their members and surrounding communities. What has your credit union done to quantify this benefit and show the positive impact to the community? Click here to take our survey.
It takes a village to raise a child. To raise a project, it takes a great team. If your credit union has ever tried to implement a new project, you might have discovered that one of the biggest factors influencing it is the people you have involved—they can either help or hinder your project’s success. […]
In previous posts we have discussed the increase in long-term rates and the potential impact to loan generation as rates rise. Due to long-term rates continuing to climb this week, we thought it would be beneficial to discuss one of the impacts to investments. From Bloomberg the morning of 7/9: One thing that has occurred […]
On June 19, Chairman Ben Bernanke indicated that the Fed may slow its bond purchases later this year. Since that statement, the 10-year Treasury yield has increased 35bps from 2.20% on Tuesday, 6/18, to 2.55% on Wednesday, 6/26 (Treasury.gov), while the Dow Jones Industrial Average (DJIA) has dropped 408 points over the same period (Bloomberg.com). […]
One of the many results of the Dodd-Frank Act is that government agencies, including NCUA, remove references to Nationally Recognized Statistical Rating Organizations (NRSRO) that are contained within regulation. NCUA published the final rule pursuant to this order in December 2012, and the final rule became effective June 11, 2013. While the final rule does […]