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GROWING LOANS: FIND YOUR DIRECTION
updated 01/17/14 01:09 PM
Room to Expand in Mortgages
The most common concern expressed at almost any gathering of credit union executives for more than a year has been sluggish loan growth, according to Dwight Johnston, chief economist for the California and Nevada Credit Union Leagues.

He notes there are certainly some exceptions to this, but the overall tone of comments is confirmed by a historically low loan-to-share ratio in California and Nevada. Loan volume has not fallen, but overall loan portfolios have grown by only 1.5 percent from late 2012 to late 2013.

“California and Nevada credit unions do a very good job at generating mortgage loans,” he writes in the latest edition of Credit Union Digest. “In fact, mortgage originations by credit unions in our two states have exceeded the national average by a fair margin.”

But mortgage loan portfolios are virtually flat. During the refinance boom earlier this year, most credit unions opted to package and sell the mortgages rather than take on interest rate risk since rates are at record lows. It looks like a very good decision in hindsight.

However, putting cautious interest rate decisions aside, most credit unions simply couldn’t afford more exposure to real estate this past year.

Click here to continue reading the latest Market Performance column on Page 23 within the December/January edition of Credit Union Digest!

 
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THE HOME EQUITY OPPORTUNITY IS BACK updated 09/29/14 11:10 AM
However, 1st Mortgage Originations Drop
Even as total real estate loans for California credit unions in the second quarter of this year matched the all-time high in late 2008, it’s a different story for the “other real estate loans” category—primarily home equity loans, which are off by 38 percent.

2014 CU STAFF COMPENSATION SURVEY updated 09/29/14 10:16 AM
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As the economy continues to push forward, credit unions need a trusted employee compensation rulebook they can consult.

PROACTIVE WAYS TO BUILD CU CHAMPIONS updated 09/29/14 10:02 AM
Building Relationships is Vital
Credit union leaders passionate about political advocacy recently met with candidates throughout California and Nevada to show the industry’s support of their campaigns, including Rep. Tony Cardenas, D-CA, Brian Sandoval, governor of Nevada, and Pat Bates, candidate for California State Senate District 36 and current fifth district county supervisor for Orange County.

SUCCESSION PLANNING: CRITICAL AREAS updated 09/29/14 09:37 AM
Meet Your CU’s Needs
What is succession planning? And is there a regulation requiring credit unions to have a succession plan in place?