We’re in a period of unprecedented uncertainty. Inflation and corresponding interest rate increases are higher than we’ve seen in this generation. Home values and mortgage payments relative to income levels are greater than [...]
Credit unions saw an explosion of balance sheet growth throughout COVID-19, primarily related to government relief loans and increased savings rates during the height of the pandemic. As we move further away from the impacts [...]
You have probably already started to feel it in your local markets. Six months ago, homes were being swept up within hours, or days of being listed, if they hit the market at all. Today, [...]
Thank you for tuning in to episode 37 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
The times, they are a- changin’… From the COVID-19 pandemic, to Russia-Ukraine turmoil and everything in between it seems as if we are constantly speculating on what will be the catalyst that pushes us into [...]
The cost of living is going up. The Bureau of Labor Statistics’ (BLS) April Consumer Price Index (CPI) rose 8.3% over the past year, higher than consensus estimates. From food, to energy, cars and [...]
No. You won’t have multiple camel ratings, but there will be an S at the end of the NCUA’s new CAMELS rating system, which went into effect on April 1, 2022. CAMELS is [...]
The CECL implementation deadline for credit unions is quickly approaching. Most have already begun compiling historical data, reviewing the different models for estimating their CECL reserve and discussing how the transition will impact their 2023 [...]
A frequent criticism of the Allowance for Credit Losses is the disconnect created between the recognition of income and expense. Financial institutions are forced to record life of loan credit loss expense at origination, whereas [...]
Things have been good economically for so long it’s hard to imagine a time when they weren’t. Even in the face of a devastating global pandemic, asset prices performed well and delinquencies and [...]
The NCUA will soon be releasing their Supervisory Priorities for 2022. Based on past priorities, evolving NCUA guidance, and the current economic environment here is what we think will be most important to examiners in [...]
The pandemic has impacted credit unions in many ways, some expected and some unexpected. While uncertainties in the economy remain, like the threat of new COVID variants, inflationary concerns affecting interest rates and supply chain [...]
Thank you for tuning in to episode 21 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Since the Financial Accounting Standards Board (FASB) announced the transition to Current Expected Credit Losses (CECL) on June 16, 2016, credit unions have been working to prepare for the implementation deadline on January 1, 2023 ([...]
CUInsight Publisher & CEO Lauren Culp is joined by Dan Price, President at 2020 Analytics for a quick interview with just 3 questions: 1. (0:28) What challenges do you see credit unions are facing [...]
