Overdraft Programs Present Big Risks for Credit Unions
Overdraft programs present big risks for credit unions Overdraft fee programs are shaping up to be a top risk for credit unions during 2022. Any credit union that maintains an overdraft protection (courtesy pay) program should be familiar with the current risk environment. This is especially critical if the credit union relies heavily on overdraft […]
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 […]
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 […]
Juneteenth 2021 Effect on Compliance Disclosures – Revisited
Juneteenth 2021 Effect on Compliance Disclosures – Revisited You may recall in my previous post about the new Juneteenth holiday’s effect on compliance disclosures, I stated we only had a guess about how the 2021 holiday would affect compliance disclosure since the holiday was established (Thursday June 17, 2021) so close to the first occurrence of […]
