Excerpt from CUToday – published on May 20, 2019. “There is a side of CECL many are overlooking,” said Sally Myers, principal with c. myers corporation. “CECL requires a mindset shift. Initially, it is counterintuitive. Perhaps not to you, but certainly to other C-Suite executives and board members. There will be a disconnect between your […]
This excerpt comes from a webinar conducted by CUES where we discuss deposit acquisition. In less than 4 minutes, we discuss 4 questions you should answer if deposits are declining. To view the entire 1-hour CUES webinar, titled Dust off Your Deposit Acquisition Strategy, click here.
Shortly after the Fed met a few weeks back, some credit unions likely breathed a sigh of relief. Deposit pressures were building and the cost of funds seemed positioned for a sharp increase. But with almost perfect timing, in came the Fed indicating no further rate increases in 2019. While many have changed their market […]
The latest entry in our Napkin Math video series demonstrates how to quickly understand average life on a napkin. Like the previous videos in this series, this short video shows the simple math that credit union leaders can literally do on the back of a napkin to understand ballpark financial performance. When you have 4 […]
The following blog post was written by c. myers and originally published by CUES on March 13, 2019. Thinking about how your credit union would weather an economic storm is helpful, whether the turndown arrives now or later. The news is full of predictions that a recession is coming. The truth is that a recession is always […]