While many credit unions work on what seems to be a more immediate issue – increasing loan volume – it is important not to forget the looming issue of interest rate risk. Rates have been at historically low levels since the end of 2008 and the Federal Reserve has indicated it expects rates to remain […]
NCUA’s recent Supervisory Focus for 2013 (13-CU-01) stated, “Examiners will evaluate your credit union’s ability to mitigate interest rate and liquidity risk, especially where there are high levels of long-term assets funded by short-term, less stable funds.” We encourage credit union leaders to make it a habit to continuously review emerging market trends and thoroughly […]
Often there are not comprehensive plans in place to recruit, develop and assess credit union boards. This is a shame considering that volunteers are a cornerstone of the credit union industry. To put this in perspective, think about the comprehensive plans that are often in place for hiring credit union employees. For example, credit unions […]
Now that the budget is done, 2012 is closed and you have a chance to breathe…what is one thing you would change about the budgeting process? Please click here to answer our survey question.
