5 Steps to Better Budgeting for 2020

Published in: CU Business The strategic planning season is ramping up and many financial institutions have initiated the process of preparing for 2020 – identifying likely challenges, defining strategic direction, and forecasting the balance sheet and financial...

Beyond Traditional Stress Testing

On March 13th, a national emergency was declared in response to the COVID-19 pandemic. The economic impact of the pandemic has raised questions about capital adequacy in the ongoing coronavirus crisis. Economic shutdown and stay-at-home mandates forced many...

ASG Industry Perspective – Q2 2020

Second Quarter, 2020 Commercial Banks increased provisioning with provision for loan losses to average assets more than tripling YoY.Reserves/NPAs continue trending upward by 78% for Commercial Banks and 25% for CUs YoY. Net charge offs as a percentage of average...

ASG Industry Perspective – Q1 2020

First Quarter, 2020 Commercial Banks witnessed record breaking growth in assets and deposits, with 42.3% and 43.0% annualized QOQCredit Unions grew significantly in assets and deposits, with 18.3% and 17.0% annualized QOQQuarterly ROAs for CUs and Commercial Banks...

How the Pandemic is Shaping the M&A Landscape

Are we at a tipping point for credit unions? Proactive credit unions that have been performing well for a long period of time are starting to reconsider potential mergers and acquisitions for relevance, stability, scale and, most importantly, to benefit...

Beware of Low Funding Rates with Embedded Options

With the rate rally the financial markets have experienced in 2019, even amidst a steadily churning US economy, many financial institutions are asking whether to lock in low borrowing costs for their balance sheets. We have recently received inquiries from clients to...

Planning for 2020: Understanding Key Economic Factors

Published in: CUNA Councils With many credit unions currently finalizing their strategic plans and budgets for 2020, there are several key economic factors that are important to take into consideration. This article includes key takeaways from the recent economic...