With S & P Downgrade, Credit Unions Should Review Investment Policies

Standard and Poor’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 unions’ investment policies.

Will the US Debt Downgrade Result in an influx of Cash Deposits in Credit Unions?

Standard and Poor’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.

Which Countries Have a Higher S & P Ranking than U.S.?

U.S. Treasury Secretary Timothy Geithner accuses Standard & Poor’s of showing “really terrible judgment” for downgrading the nation’s debt rating from AAA to AA+. Nineteen countries received better ratings from S & P.

Northwest Credit Unions’ MBL Programs Could Improve if Congress Raises Cap

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.

Congress Passes Legislation to Raise Debt Ceiling; Measure Headed to President Obama

After weeks of angst, Congress passes a bill to raise the nation’s debt ceiling and cut federal spending.

NCUA Stings NW CUs with Early Redemption of Corporate CDs

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.

Quarter of NW Banks Problematic, say Rating Agencies

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.

With US Credit Rating Under Review, Contingency Plans Emerge

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

Lacamas Community Credit Union Named 2011 Business of the Year by Camas-Washougal Chamber

NW Credit Unions Continue to Improve in 2011

Northwest credit unions enjoyed strong growth and profitability in the first quarter of 2011 as return on average assets rose in aggregate.

CUNA Releases New Environmental Scan

The report is commonly used by credit union executives and boards for strategic and business planning.

CUs Must Prepare for Rising Interest Rates, says Berkeley Professor

It’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?

Puget Sound Area Economy Struggling to Rebound

The first article in our series on the region’s economic health focuses on Seattle, Tacoma, and Everett.

DCBS Finalizes Rules on Community Charter Field of Membership

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.

One-Quarter of NW Banks Still Problematic, say Rating Agencies

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.

Impact of Fed Plan to Purchase Treasury Bonds on Defined Benefit Plans

The plan to buy more Treasury bonds announced by the Federal Reserve on November 3 could increase pressure on credit union’s defined benefits plan in the form of lower funding ratios, larger pension expense.

Free Webinar: Is it Over Yet, Or Is This the Calm Before Another Economic Storm?

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.

The Knowledge Curve: Quantifying the Value in Disciplined Investing

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.