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Relevant Information—For You, By You
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?

Loan growth.

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.

Click here to continue reading the latest Market Performance column on Page 11 within the February/March edition of Credit Union Digest!

 
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REMOTE DEPOSIT CAPTURE FUNDAMENTALS updated 08/19/14 10:54 AM
Timing, Regs, and Risk Management
Remote deposit capture in home banking and mobile banking is quickly becoming a must-have feature. Although credit unions have many options for how to provide this service, questions abound regarding availability of funds and risk management.

CATALYST LOAN PROGRAM NEARS 50M updated 08/18/14 04:19 PM
California Credit Union Participation
Since its launch a few months ago, Catalyst Corporate FCU’s loan participation program has helped nearly two dozen credit unions—including California credit unions—sell and buy more than $46 million in loans.

CFPB LEADER HEARS OVERDRAFT CONCERNS updated 08/15/14 02:38 PM
Regulatory Issues Discussed
Minimizing the impact of current rules, pending proposals, and contemplated requirements were key themes of a meeting Wednesday between the Credit Union National Association (CUNA) and Consumer Financial Protection Bureau (CFPB).

CO-OP TAPS FORMER FACEBOOK DIRECTOR updated 08/14/14 08:49 AM
Randi Zuckerberg at 'THINK It Out'
CO-OP Financial Services has added Randi Zuckerberg, CEO of Zuckerberg Media and former director of market development and spokeswoman for Facebook, to its lineup of speakers at the first "THINK It Out" event on Aug. 20 in Ontario.