|Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues|
LOANS AND FEES: BUYING TIME IN 2014
updated 02/20/14 07:25 PM
A State-Versus-National Perspective
What’s the key to income growth for credit unions in California and Nevada in 2014?
Now that I’ve stated the obvious, what are the options if your credit union is struggling for loans and expects that struggle to continue into 2014?
Loan growth has turned higher in California and Nevada, but the two states continue to lag behind the nation. As of third quarter 2013, loans grew 6.8 percent nationally, while those in California and Nevada grew 5 percent.
That 5 percent growth is a marked improvement over previous reporting periods, but it has barely moved the needle on the overall loan-to-share ratio.
Moreover, net interest margins have stabilized after a steep decline, yet they are likely to improve marginally, at best, in 2014.
There are different answers for each credit union out there. But for our purposes, I want to focus on two areas that are glaringly different between the national picture versus California and Nevada.
MCWATTERS DISSENTS ON BUDGET VOTE updated
11/22/14 06:37 AM
Also, Revised RBC Rule Coming
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters was the only one to vote “no” on the board’s 2015 proposed budget, which will increase 4.2 percent over last year. The vote was 2 to 1.
ANNUAL FED WEBINAR ON REGS, GUIDANCE updated
11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.
NEW EMPLOYMENT LAWS FOR 2015 updated
11/21/14 04:33 PM
Also, TIPs Bulletin Posted
The California Chamber of Commerce has released a list of new employment laws scheduled to take effect in 2015 or earlier that will have an impact on businesses in California.
DIANA DYKSTRA RECEIVES 'EAGLE AWARD' updated
11/20/14 10:41 AM
Outstanding Record of Achievement
Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, was presented with the American Association of Credit Union Leagues’ highest honor—the Eagle Award—this week during AACUL’s winter meeting in Hawaii.