Prior to the Coronavirus expectations were for a gradual economic slowdown in 2020, but most economists were not expecting a full-blown recession. The abruptness and...
CECL - What We've Learned that Will Benefit Your Credit Union
This past summer, the Financial Accounting Standards Board (FASB) delayed the implementation of CECL for credit unions moving it to January 2023. Although this will...
The Changing Tides of Non-Interest Income
BY JEFFREY JOHNSON
Member Regular Share Vs. CD Migration Analysis
How The Interest Rate Environment Affects This Relationship
By Matthew Jacobsen, VP
In June of 2006 the federal funds target rate was at 5.25%. From 2007 to the end of...
CECL and Comprehensive Loan Analytics Survey Results
Mark H. Smith, Inc. recently conducted a survey on CECL and Comprehensive Loan Analytics. This was a follow-up survey to the CECL survey we conducted earlier in the year...
Revisiting Interest Rate Risk: It is Still a Factor!
For almost a decade, short term interest rates have been manipulated and driven down to historically low levels by the Federal Reserve. Even today, short term rates...
Utah First FCU Success In The Face Of Intense Competition
Utah First Federal Credit Union continues to succeed and outperform the majority of its peers. Based in Salt Lake City, Utah, Utah First is not lacking for competition....
Being A Little Different Pays Off
Box Elder County FCU is a $106 million credit union located in a rural and historically agricultural county in northwestern Utah. In recent years the credit union has...
Lemonade From Lemons
For the last five years, smallish Family Focus Federal Credit Union (Family Focus) in Omaha, Nebraska, has defied the odds. While most credit unions at its asset size,...