Your net worth ratio depends on how you define total assets
Your net worth ratio depends on how you define total assets Stop me if you’ve heard this one. It’s last day of the month. It’s also a Friday. AND it’s a payday for a major credit union sponsor group. Although many of those deposits will leave in the next few days, today—the day we use […]
Does NCUA’s MERIT have . . . merit?
Does NCUA’s MERIT have . . . merit? In recent months NCUA has been talking about a new system of some kind that’s supposed to help with exams, but none of the descriptions I read really helped me understand the system’s purpose. So, I sat in on an NCUA webinar on the subject. Here are […]
ESG just comes natural to credit unions
ESG just comes natural to credit unions This September 1 article on Axios resonates with a few points I made at the recent roundtable the Association held regarding ESG—mainly that more workers are making employment decisions based “not just on salaries and benefits, but also social impact and their personal beliefs.” That is, many people want […]
A closer look at NCUA’s CECL phase-in
A closer look at NCUA’s CECL phase-in On June 24 the NCUA board approved a rule “to aid FICUs in adjusting to the new GAAP standards in a uniform manner and without disrupting their ability to serve their members.” The rule accomplishes a few things: Phases-in the day-one effects of the adoption of CECL for […]
Data strategies for credit unions
Data strategies for credit unions We’ve all heard a lot about the importance and value of data in the 21st century. But many credit unions don’t know where to start, or how to go about creating business value out of their data. In this blog series (at least 5 blogs), I’d like to pose a […]
The Association saves you time and money on compliance
The Association saves you time and money on compliance One of the great benefits of belonging to the Association is the compliance expertise on our staff. Heather Line, or compliance expert, understands the ins-and-outs of consumer regulations just about like no other in the state. When a new rule is released, she can research it, […]
Out-of-state meetings are expensive
Out-of-state meetings are expensive While the cost varies for each event and each credit union due to different travel requirements, in general out-of-state conferences can be expensive to attend. That’s why every year the Association provides numerous in-state training options, which can save you thousands per employee. Back to blog home
Information overload: the Association is the solution
Information overload: the Association is the solution Policy makers drown in a sea of messages from constituents. There are so many interests vying for attention, that it’s important for each one to have as strong a voice as possible. The Association focuses the voices of many credit unions into a single, more potent voice. Back […]
Limited reach: the Association consolidates and broadens industry reach
Limited reach: the Association consolidates and broadens industry reach Policymakers from all parts of the state make decisions that affect all citizens of the state. Yet, policymakers care most about what their own constituents want and need. How can a single credit union, limited in its geographic reach, possibly affect the political process? Easy: the […]
