LAS VEGAS–A former presidential candidate and a member of one of America’s best-known families outlined for credit unions here an overview of where he believes things stand in the country, ranging from a Fed that “doesn’t know what it’s doing,” to references to the Sopranos, to why “artificial intelligence” is a bad name, to four things to be optimistic about. And more.
LAKE FOREST, Ill.—A new report is out that closely examines what systematic risk looks like today, what it entails within the new financial landscape, and how it now differs from long-held approaches to risk.
COLORADO SPRINGS, Colo.—The current rate environment has certainly challenged the balance sheet management skills of chief financial officers, says Brad Barnes, who believes better days are coming soon and that it may be time for a shift in loan and deposit strategies.
RALEIGH, N.C.—Chuck Purvis recalls when the very first interactive teller machines (ITMs) used to eat driver’s licenses.
CLAWSON, Mich.—The mispricing of loans by credit unions, particularly auto loans, could lead to some CUs facing earnings struggles in the near future, according to one analyst who is also recommending steps to address the issue.
GLOVERSVILLE, N.Y.—Noting the price for building capital today is high, one credit union is setting its loan rates at the upper end of the market, believing that intentionally slowing loan demand right now may not be a bad thing.
DALLAS—Getting proper pricing in place has never been more “critical” as credit unions look for strategies to respond to balance sheet and liquidity pressures, according to ALM First, adding part of the response has been a particular focus on certificate pricing.
FOLSOM, Calif.—Managing a credit union’s balance sheet may be more difficult today than it’s ever been due to several “game-changing” factors, according to one CFO, who adds the current pace of deposit rate hikes is “not sustainable” for many financial institutions.
PHILADELPHIA—Direct auto loans are poised for a comeback, according to one auto industry expert who is crediting Tesla for some of that reversal.
GREEN BAY, Wis.—One credit union that has been recognized for outstanding financial performance says a key has been recognizing an organization cannot interject old processes into new technology and expect to succeed.
