When we talk with credit unions about the results of their interest rate risk analysis, we are often asked the question, how do my credit union’s results compare to my...

Many are calling this the most sweeping change to financial institution accounting ever!

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...

Our guest article this issue is presented by Mr. Scott Butterfield of Your Credit Union Partner. It treats a topic that we don’t usually approach here at Mark H. Smith,...

Mark H. Smith, Inc. recently conducted a survey on CECL readiness and planning among its clients. Based on the survey, most credit unions were aware of CECL and have...

Asset-Liability Committees (ALCO) may have become complacent over the last 8 years due to the lack of movement in market rates. Many credit unions I have worked with...

As we all know, credit union net interest margins have declined since 2009. Based on call report data the average net interest margin in 2009 was 363 basis points (bps)...

Measured by total loans, Wells Fargo Bank is the largest bank in America. It is also one of the largest when measured by retail deposits. Over the past six months, Wells...

The Economy

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....