We are curious as to why some examiners are requesting that credit unions establish risk limits based on 12-month net income simulations. This request is interesting in light of what was outlined in the Interagency Advisory on Interest Rate Risk Management. The guidance states: “When using earnings simulation models, IRR exposures are best projected over […]
No business is immune to the pressures of external forces and changing consumer behaviors. At the end of July, after being in business for over 40 years, Borders notified its 1.6M rewards customers that it would be closing its doors for good. According to Borders’ 2010 annual report, the company had: 642 stores 16,400 employees […]
Given the current challenges that financial institutions are facing, free checking has been proclaimed a soon-to-be thing of the past. Many banks and some credit unions have already moved away from free checking, but many credit unions are wrestling with the idea. Here are a few of the arguments we’ve heard against charging for checking […]
Six days before the deadline to raise the national debt limit, 30 of 53 economists surveyed by Reuters news service believed the United States will lose its AAA debt rating in the near future. Some would argue that kind of action is overdue with the national debt standing at about $14.5 trillion and growing. However, […]
