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Back to Basics: Mitigating Money Laundering Risk in Credit Unions
What You Need to Know About the Expense Analysis Page
Cornerstone’s ALM Key Ratio Analysis Report includes an Expense Analysis, which can provide insights for your credit union. The Expense Analysis, found on page 11 of the report, gives you another perspective to consider when looking at the costs to run your credit union as they relate to offering loans and share drafts—the products and services you offer your members to make their lives better.
Auto Loan Opportunities ABOUND for Credit Unions!
Despite supply issues and higher prices across the auto industry, car sales have continued to remain strong. As new and used vehicles continue to sell, financial institutions have had plenty of opportunities to make car loans and increase their share of the auto-lending market, but it hasn’t been easy for credit unions attempting to do so.
4 Things You Should Know About the Recently Amended Derivatives Rule
Conversation around interest rate derivatives has gained more traction within the credit union industry over the last year. And recently, the NCUA Board approved a final rule that modernizes the proposed derivatives rule. Here’s what you need to know.
Steps for Post-COVID Mortgage Lending Success
We are living in fast-changing times. Lenders that fail to meet the changing demands of their borrowers will be ill-equipped to compete for their business. While other industries have learned to deliver high levels of customer engagement and satisfaction online, many lenders are still originating loans much as they were 20 years ago.
Issuing Secondary Capital to Rebuild Net Worth Ratio: What LID CUs Need to Know
Credit union asset growth remained strong in the first quarter. However, these days, describing asset growth as “strong” is an understatement. After increasing 16.2 percent in 2020, assets grew at an annualized rate of 17.5 percent in the first quarter of 2021.
Mobile Remote Deposit: Lessons Learned from Shopping for Potatoes
Today, millions of consumers will make shopping decisions about cereal, chicken, tomatoes, and potatoes. And for many, those decisions will be based on one key factor: convenience.
Empowering Consumers’ Financial Lives With Credit Scores
There’s a lot of confusion for consumers about their credit scores, which is to be expected when borrowers receive ‘educational’ scores from various services does not often match lenders see in the FICO score. Most consumers, and Ser Tech, believe it’s important to see the scores lenders use during the loan approval process when making borrowing decisions.
Demystifying Bond Investing
As bond yields continue to rise more rapidly than rates on certificates of deposit (CDs), and fewer CDs are being issued, Catalyst Corporate’s Brokerage Team is fielding more credit union inquiries about investing in bonds. Is your credit union considering investing in bonds for the first time? If so, where do you start?
The Key to Surviving the Unexpected? A Well-Balanced Investment Portfolio
The 9/11 terrorist attacks, the Great Recession of 2008, and now…COVID-19. The health and economic crisis brought on by the global pandemic is arguably the third major outlier event of our generation.
MODDern Times In Auto Lending, Deep in the Heart of Texas
Randolph Brooks Federal Credit Union (RBFCU) is way ahead of the game when it comes to supplying the three most important elements in the modern auto buying experience – convenience, convenience, convenience.
CECL…Are We There Yet?
Now nearly two months into the new year, the sudden shock of 2020 is slowly fading, and we can finally catch our breath…right? Well, the fresh start also inches us closer to the impending CECL transition. Despite hope that the implementation date might get pushed out amidst the COVID-19 pandemic, it appears January 1, 2023 is standing firm. However, the NCUA did provide a little relief, allowing credit unions to spread out the impact on net worth over a few years.
P2P: Made Possible by Technology, Powered by Trust
You may be hearing a lot about P2P in 2021. That would not be surprising. Interest in P2P payments had already been growing in recent years – and changes in consumer behavior brought about by the COVID-19 pandemic have given it a boost.
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