By: Dianne Molvig | CUNA CFO Council

Today’s interest-rate environment presents significant challenges for credit unions. Although the Fed has begun raising rates, the overall environment remains historically low, and credit union net interest margins are thin. Pricing on both loans and deposits is tricky.

“But if you have a well-thought-out investment philosophy and strategy and a framework for making decisions in your securities portfolio, it becomes fairly independent of interest rate levels,” says Robert Perry, principal of asset/liability management (ALM) and investment strategy for ALM First.

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