Market interest rates have been sitting at or near record low levels for almost five years. As a result, credit unions are booking assets at very low rates and, in many cases, lengthening their balance sheet to slow the decline in yield. From a business perspective, it makes sense for credit unions to be especially […]
If you know what the term “firing on all cylinders” means, then you know what an efficient process looks like. When something is functioning at this level, it is working at its fullest capability or in optimum condition. An example of a loan process firing on all cylinders is when your MSRs, loan officers, underwriting […]
When approaching net economic value (NEV) analyses, the issue of valuing non-maturity deposits has been a point of contention for practitioners and regulators alike. The focus traditionally is on the question: What is the final maturity of a deposit that contractually never matures? In the end, the nature of the question of maturities needs to […]
Where will your next members come from? This question often comes up during credit union strategic planning sessions and it can spark great strategic discussions. The conversation usually starts with understanding and quantifying where current members come from and how trends have been changing. Common sources for new member acquisition include: Indirect source: Auto dealerships, […]
