SARATOGA, N.Y.—Three credit union CEOs from New York State recently participated in a panel discussion during the Credit Union Association of New York’s Annual Conference here.
Moderated by the Federal Home Loan Bank of New York, the session was titled: Now is Still Not the Time for Business As Usual.
“We went through a number of questions which each panelist had to answer,” said SeaComm FCU CEO Scott Wilson. “Overall, it was a healthy debate on strategies that have been successful for each credit union. It was evident that having a diversified investment strategy has helped all three of our credit unions. We all recognized that active balance sheet management ensured we were keeping margins positive and providing good return on assets, which in turn is building capital in this continued in the low interest rate environment.”