The latest from Michael C. Macchiarola

Nov 1, 2022 - by Michael C. Macchiarola, Olden Lane LLC

Six topics for planning season

With planning season in full swing, we highlight six topics that should be top of mind for credit unions in this dynamic market environment: Sources of Liquidity Considering the duration ...

Jan 10, 2022 - by Michael C. Macchiarola, Olden Lane LLC

The Treasury’s emergency capital investment plan is a real boost to 85 credit unions

In December 2020, as part of its COVID relief package, Congress created the Emergency Capital Investment Program (ECIP) to encourage low- and moderate-income (LMI) community financial institutions to augment their ...

Sep 24, 2019 - by Michael C. Macchiarola, Olden Lane LLC

NCUA signals that secondary capital is open for business

On September 16, 2019, in a Supervisory Letter to “All Field Staff,” the National Credit Union Administration (NCUA) published new guidance for evaluating secondary capital plans.  A separate Supervisory Letter ...

Jun 11, 2019 - by Michael C. Macchiarola, Olden Lane LLC

A closer look at the funding options for credit unions

As the chart below illustrates, credit union loan growth has been strong for some time. For example, year-end 2018 data revealed industry loan growth of 9.5% over the previous ...