CECL - What We’ve Learned That Will Benefit Your Credit Union
This past summer, the Financial Accounting Standards Board (FASB) delayed the implementation of CECL for credit unions, moving it to January 2023. Although this will provide credit unions some relief in implementing CECL, many credit
Strategic Planning for Growth
The leaves are changing, and the kids are back in school. Another seasonal event for many credit unions is the budgeting and strategic planning for next year. This article will cover a few highlighted items that might be considered and discussed during the strategic
Liquidity Management - Essential to Your Credit Union
Liquidity and liquidity risks management is essential for every FICU, regardless of size and complexity. All credit unions are required to have a policy and process in place to identify, measure, monitor, and control liquidity risk that is commensurate
Economic Commentary - Interest Rates, Uncertainties, and 2020 Budgeting
Following the September 18th Federal Reserve Open Market Committee (FOMC) meeting, the FOMC announced a 25 bp cut in the fed funds rate target range which now stands at 1.75%-2.00%. The FOMC Chairman cited again that
