Interest rate risk and mitigating exposure will be among the key topics when the Northwest Credit Union Association hosts an interactive Asset/Liability Management Conference in March.
Low interest rates, high liquidity, increased regulation and concerns over interest rate risk made 2012 another challenging year for credit union management, and credit unions have increasingly turned to their corporate credit union for support and guidance.
A new NCUA rule requires federally-insured credit unions with assets greater than $50 million to develop an interest rate risk management policy by Sept. 30. An upcoming NWCUA training on A/LM promises to help credit unions comply with the new rule.
John Myers of c. myers will be leading Asset Liability Management trainings in Oregon and Washington in March. He writes here about philosophies and priorities that can help credit unions flourish in a competitive marketplace.