5 minute read – Wired recently published an article, A New Card Ties Your Credit to Your Social Media Stats, discussing a new startup company, Karat, which is designed specifically for social media influencers who have experienced difficulties being approved for mortgages, credit cards, or other financial products in the past. We thought this article […]
Credit unions are continuing to focus on their operations, while also monitoring their liquidity and credit risk to try to understand their exposure in light of the pandemic. The NCUA appears to be on the same track. Last week, the NCUA released Letter 20-CU-12 – Outreach Related to COVID-19 Impact, asking credit unions to answer […]
7 minute read – We are having numerous discussions with CEOs and CFOs regarding liquidity and while none of them are exactly the same, there are two common themes. One is a great concern for a liquidity crunch and the other is a concern for flight to safety. Since the industry has more recent experience […]
We recognize that credit union leaders are facing uncertainties now more than ever. Conversations with our clients are happening daily to help with strategic thinking, strategic planning, and financial modeling. C. myers live is an opportunity to take these conversations to the masses. There is an unlimited number of paths that the future may hold. […]
5 minute read – Mortgage refinance requests are coming in at record rates. This type of volume was already causing significant backlogs for some. The complexity just increased now that many businesses are practicing social distancing and the Fed took more emergency steps on Sunday, March 15, 2020. The questions in this blog only scratch […]
