Money Management Asset Liability Management: Interest Rate Risk Exposure Limits When a credit union comes to me regarding updating asset liability management (ALM) policy limits, one of my first questions to them is: what is your risk tolerance? More often than not, I get the response: we are not sure, what does the NCUA say?. While it’s definitely important
Money Management “Oh Bother,” Another Model Validation Do you ever have quotes pop into your head that seem to just fit your situation? What about when the exam list or a model validation request makes its way to your inbox? I know what I hear it in my head, “Oh Bother!” I never fully appreciated this phrase
Money Management Broaden Your Perspective with Liquidity Stress Testing “Because I said so.” Few phrases convey a universal response of utter dismay like this one. I remember vividly as a child hating this response and, like most children, vowed never to let those words escape my lips. Those same childhood memories influence our responses to this day and leave
Money Management ALCO: Knowing Why is the Recipe for Success Treasured family recipes are passed down for generations and hold significant memories for the family. I heard of a family that had a secret candied ham recipe that was held in the highest regard and only passed down to the most serious of chefs. When the great-granddaughter was making the
