Standard and Poorâ€™s downgrade of the United States debt, along with dozens of U.S government related bonds issued by Fannie Mae and Freddie Mac warrants a review of credit unionsâ€™ investment policies.
Standard and Poorâ€™s downgrade of the U.S. credit rating is causing stress as Americans wonder whether cash deposits are safer havens for their money than the volatile stock market. This could present a challenge for credit unions.
U.S. Treasury Secretary Timothy Geithner accuses Standard & Poorâ€™s of showing â€œreally terrible judgmentâ€ for downgrading the nationâ€™s debt rating from AAA to AA+. Nineteen countries received better ratings from S & P.
With President Obama’s announcement that he will make job growth his next priority, the credit union movement is urging Congress to raise the cap on member business lending. Growth in credit union MBL programs remains on a slow trajectory with the sputtering economy.
After weeks of angst, Congress passes a bill to raise the nationâ€™s debt ceiling and cut federal spending.
Northwest credit unions will lose millions of dollars in interest income as the result of the forced early redemption of term certificates deposited in WesCorp.
Bauer Financial and Highline Financial found that 26 percent of Washington-based banks and 20 percent of Oregon-based banks are considered problematic or troubled.
Some Wall Street giants are preparing to cut their use of U.S. Treasuries in favor of cash on hand as a precaution.
Lacamas Community Credit Union Named 2011 Business of the Year by Camas-Washougal Chamber
Northwest credit unions enjoyed strong growth and profitability in the first quarter of 2011 as return on average assets rose in aggregate.
The report is commonly used by credit union executives and boards for strategic and business planning.
Itâ€™s a central banker’s worst nightmare: The economy is stagnating with a weak labor market, yet inflationary pressures are building. How should CUs prepare?
The first article in our series on the regionâ€™s economic health focuses on Seattle, Tacoma, and Everett.
At the end of 2010, the department issued the final rule on SB 438, which was passed in 2009, clarifying regulations around field of membership.
Bauer Financial and Highline Financial found that nearly 30 percent of Washington-based banks and 22 percent of Oregon-based banks are considered problematic or troubled.
The plan to buy more Treasury bonds announced by the Federal Reserve on November 3 could increase pressure on credit unionâ€™s defined benefits plan in the form of lower funding ratios, larger pension expense.
While the path to recovery is now smoother and wider, significant risks remain. In this Discovery session, CMG Chief Economist Dave Colby will share his economic and credit union forecasts, their operational implications and discuss key risk factors for both the recovery and credit unions’ long-term role in consumer finance.
One of the most intriguing similarities among credit union management teams is their lack of awareness with regards to the wide disparity between top performing investment portfolios and bottom performing investment portfolios.