WINSTON-SALEM, N.C.—Given the economy has been in “uncharted waters” with rates so low for so long, one CFO contends it is difficult to predict both how the market will react when the Fed finally begins pushing rates as well as what might happen with margins.
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LOMBARD, Ill.—Competition for deposits, and even loans, may spell trouble for net interest margins when rates rise, as several analysts are predicting the bottom line will get squeezed even tighter before things get better.
MADISON, Wis.–Cut the cake: today is the birthday of the father of America’s credit union community.mIt’s no overstatement to note that without Ed Filene’s substantial support, credit unions in the U.S. would never have grown as quickly as they did, if they had grown at all.
SAN DIEGO–Two bankers and a credit union executive offered their thoughts on how each is approaching the challenges of growing their respective businesses, how they are addressing pain-points, and and even how “reverse-mentoring” is working at one institution during a panel discussion here. The trio were part of a presentation to memebers of the media and others during D+H’s Connections 2015 conference here.
TAMPA, Fla.—Today marks 30 days and counting until the EMV liability shift deadline on Oct. 1, and it appears as if more merchants will be EMV enabled at POS than originally projected.
TUSCALOOSA, Ala.–The conservatorship of Alabama One Credit Union here has raised a number of new questions around the status of litigation the credit union had filed against high-ranking state officials, including the governor, especially since the action now means that the state regulator is both a defendant and, technically, a plaintiff in the lawsuit.
PLANO, Texas—When the Fed eventually moves to push short-term rates higher it will change the mindset of Americans who have felt “stuck in a rut” on investments for years. And that will put a lot of pressure on deposit rates, something that will pinch net interest margins for a period of time, one analyst is forecasting.
SALT LAKE CITY—One CFO foresees the Fed raising rates toward the end of the year, but questions the motives behind the expected move.
MUSKEGO, Wis.—Given that the Fed’s monetary policy has not been easy to predict, one analyst is encouraging credit unions to prepare now for rising rates but to also hedge their bets.
LOMBARD, Ill.—A hangover effect from the recession could spell bad news for financial institutions as the economy continues to improve and rates potentially rise.