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Money Management

A collection of 13 posts

Bank Term Funding Program: The Fed’s Solution to Liquidity

Money Management

Bank Term Funding Program: The Fed’s Solution to Liquidity

How can you solve a problem like liquidity? In today’s world, that’s a tricky question. Luckily, the Federal Reserve has a solution that might just interest your credit union. It’s called the Bank Term Funding Program (BTFP), and it’s a relatively new lending program available to

Asset Liability Management: Interest Rate Risk Exposure Limits

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

Liquidity Solutions as the Fed Continues to Tighten

Money Management

Liquidity Solutions as the Fed Continues to Tighten

Among the ebb and flow of economic data, pandemic-induced inflation and other financial turmoil we’ve (almost) become accustomed to the past few years, it’s no surprise that liquidity has been impacted. This continues to be the case as we watched the FOMC meet on February 1, 2023, and

What to Expect from the Markets and Economy in 2023

Money Management

What to Expect from the Markets and Economy in 2023

In the past two years, we’ve endured a slew of challenges brought on by a global pandemic, many of which could be described with one of the most used words of 2020 – unprecedented. Maybe these highlights will jog your memory: all-time high unemployment rates that have dropped to incredible

SimpliCD – It’s Not Just for Investors

Money Management

SimpliCD – It’s Not Just for Investors

Liquidity needs can change quickly. Even just a few months ago, credit unions were flush with cash and were searching for ways to invest their excess liquidity. But for many credit unions, things have changed as the Fed has begun to raise rates more aggressively than we’ve seen in

Debunking Two Myths About Core Solutions: Get Back to Basics

Money Management

Debunking Two Myths About Core Solutions: Get Back to Basics

It’s a fact within our industry: credit unions need a core processing system. Now that I’ve stated the obvious, I have a question for you…what do you think makes a good core solution? Is it fancy features or the latest and greatest technology? Is it working with

“Oh Bother,” Another Model Validation

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

How Should Your FI Overhaul Your Overdraft Fees?

Money Management

How Should Your FI Overhaul Your Overdraft Fees?

Banks and credit unions have been making material changes to their overdraft fees and policies with increasing frequency since the middle of 2021. To date, the national banks, large regional banks and a sprinkling of credit unions have led the charge with announcements that make their public relations providers proud.

Money Management

Monetize This!

Imagine the following conversation: > Customer service representative: “So, is this the right account for you?” New customer: “Yes, sounds great.” Customer service representative: “Excellent. In which case, I suggest signing up for our top-tier, state-of-the-art mobile and online banking technology, which costs just $7.00 per month. You can check

Broaden Your Perspective with Liquidity Stress Testing

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

How Capital One’s new policy will affect your bottom line

Money Management

How Capital One’s new policy will affect your bottom line

In a stunning move, Capital One announced Wednesday plans to scrap overdraft and NSF fees for consumers beginning in Q1 2022. In an email to employees, Capital One CEO, Richard Fairbank, said the move was “our effort to bring ingenuity, simplicity and humanity” back to banking, according to USA Today

Enhance Your Portfolio by Investing in Mortgage-Backed Securities

Money Management

Enhance Your Portfolio by Investing in Mortgage-Backed Securities

Deep-sea diving is an intense and potentially dangerous activity if you don’t know what you are getting yourself into. That is why you must take the time to learn and train with a diving professional to prepare yourself for the exhilarating activity. The same can be said of investing.

ALCO: Knowing Why is the Recipe for Success

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