Loan interest income may be overstated in the budget if there is a large balance of non-performing loans. This occurs if loan income is budgeted based on what the members are contractually obligated to pay rather than the actual payments received on performing loans. Here are the two most common ways credit unions are adjusting […]
The frequency and magnitude of surprises in 2009 have created a unique learning opportunity that should not be passed up. Too often, after navigating through a strategic challenge or opportunity, managements move on to the next issue without identifying the lessons learned from the most recent experiences. This need not be a complex exercise. In […]
This statement sounds eerily similar to the statement we heard from many people in 2008 about 2009. By now most have read or heard the U.S. financial highlights for 3rd Qtr 2009. Headlines touted the 3.5% annualized growth in GDP. It is important for any business to evaluate the sustainability of this “good news” and […]
