Challenges & Opportunities in a New Era
|
|
- Adam Tucker
- 8 years ago
- Views:
Transcription
1 Challenges & Opportunities in a New Era May 1, 2010
2 Today s Discussion Credit union results in the Great Recession How does Alaska credit unions performance compare with national credit union averages? A changing regulatory environment The Tipping Point
3 DENSE LANGUAGE OBSCURES USURIOUS INTEREST RATES, PUNITIVE LATE FEES USA Today October 31, 2006
4 January 8, 2007
5 The current for-profit student lending industry is still more about shareholders and profits than the genuine needs of students, who very often don t have enough money in the first 2, or 5, or even 10 years out of college to pay the high interest rates and onerous fees that make the industry so profitable. There are some things in life that really ought to be about more than making money. Surely, student loans should be on that list. New York Times April 21, 2007
6 BUSINESS WEEK JUNE 16, 2008
7
8 MORE THAN JUST A FINANCIAL / ECONOMIC CRISIS The task we face is to recover that discourse, to rediscover the moral spirit of capitalism so that it best serves all people. Regulation, though necessary, is not enough. A box ticked is not a duty done. We require a narrative which describes the journey s end what kind of society we want. I think the story should be that markets are servants of the people. We can then begin to act in the moral spirit of capitalism, informing markets with our moral and spiritual dimensions. Tame the markets to make capitalism ethical By Ken Costa Chairman, Lazard International Financial Times 11/2/2009
9 How did credit unions respond to this economic/ social crisis?
10 Credit unions originate the highest loan volume in their history Annual loan originations for all US Credit Unions as of December 31 Source: Callahan s Peer to Peer Software
11 Billions Over $71 billion of new shares flow to credit unions Data for all US Credit Unions as of December 31 Source: Callahan s Peer to Peer Software
12 Member growth trends up over recent years Data for all US Credit Unions as of December 31 Millions Source: Callahan s Peer to Peer Software
13 7,710 Credit Unions as of December 31, 2009 As of 12/31/09 12-mo. Growth 4Q mo. Growth 4Q 2008 Assets $896.8B 8.9% 7.2% Loans $580.5B 1.0% 6.6% Shares $763.3B 10.4% 7.0% Capital $96.9B 4.6% 0.9% Members 91.2M 1.4% 1.6% Branches 21, % 2.8% Source: Callahan s Peer to Peer Software
14 1 st mortgage & consumer loan originations grew in 2010 Billions Loan Originations by Category for all US Credit Unions $ % 4.7% 53.1% 55.4% $ % 27.7% 8.4% 34.9% Source: Callahan s Peer to Peer Software
15 1 st mortgage originations and market share reached new highs in 2009 Data for all US Credit Unions as of December 31 Billions Source: Callahan s Peer to Peer Software, MBA
16 Credit union auto lending market share topped 22% during 2009 Credit Union Auto Lending Market Share (12/09) 26.0% 24.0% 22.0% 20.0% 21.5% 22.7% 20.4% 19.6% 20.3% 20.7% 22.3% 20.9% 20.1% 19.5% 19.0% 18.0% 16.0% 17.9% 16.4% 14.0% 12.0% 10.0% Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Source: Callahan s Peer to Peer Software, AutoCount from Experian Automotive
17 Credit card lines of credit continue to rise $95.4 $95.5 $98.2 $100.6$102.2 $103.0 $104.0$104.4 $106.9 $107.6$108.2 $108.1 Billions Millions Source: Callahan s Peer to Peer Software
18 Banks cut over $1 trillion of credit card lines Data for all FDIC-Insured Institutions as of December 31 Billions $4,002$4,061 $4,359$4,355 $4,195 $4,350 $4,367 $4,065 $3,626 $3,481$3,481 $3,283
19 MIT Case Study
20 MBL origination volume shows that credit unions remain active Annual MBL originations for all US Credit Unions as of December 31 Billions Source: Callahan s Peer to Peer Software
21 Consumer Lending bottoming at banks Data for all FDIC-Insured Institutions as of December 31 Billions Source: FDIC
22 Wall Street Journal, February 24, 2010
23 60% 50% In 64 out of the past 65 years, credit unions have expanded their total loan portfolio ( ) 40% 30% 20% 10% 0% % Source: Callahan s Peer to Peer Software, CUNA
24
25 COUNTERCYCLICAL FIRST RESPONDERS Before the government stepped in, credit unions were creating solutions in: Auto finance Student loans Real estate loan modifications 1 st Mortgages Fair credit cards Fulfilling our public policy covenant
26 Alaska CUs Performance Comparisons vs. the average U.S. CU
27 Alaska CUs versus all U.S. CUs Average Institution Alaska Credit Unions All US Credit Unions # Institutions 10 7,790 Assets $201.1M $116.3M Shares $170.0M $99.0M Loans $124.2M $47.6M Capital $18.3M $12.6M Members 19,269 11,826 Source: Callahan s Peer to Peer Software, Other than # Institutions all other figures represent averages for each peer group
28 Loans growing in Alaska at a strong pace 12.3% 2.9%
29 Alaska CU share growth picked up during the recession 13.0% 12.5%
30 Member growth slows in Alaska during last year 3.5% 0.7%
31 Rapid share growth and slowed loan growth leads to lower loan-to-share ratio 76.0% 72.8%
32 Alaska credit unions portfolio more auto loans Alaska CUs
33 Whereas the average US CU holds more in real estate All US CUs
34 Money market accounts for one-third of AK CU shares Alaska CUs
35 US CUs hold more in certificates and regular shares All US CUs
36 More consumer lending enables Alaska CUs to generate greater interest income than peers 5.35% 4.99%
37 Alaska CUs also keep a lower cost of funds, leading to 1.75% 1.26%
38 a significantly wider net interest margin 4.09% 3.24%
39 Higher levels of non-interest income in Alaska CUs 2.10% 1.36%
40 The average credit union runs leaner than Alaskan peers 4.64% 3.21%
41 The average credit union is provisioning at double the rate of Alaskan CUs 1.12% 0.60%
42 ROA well above the average CU 1.45% 0.54%
43 Loan delinquency on downward trend in Alaska 1.83% 1.18%
44 Charge off rate stays relatively level despite recession 1.22% 0.70%
45 Net worth ratio trends below average but remains sound 10.4% 8.8%
46 The average CU employee serves more members than in Alaska CUs
47 Alaska CUs able to attract higher share balances $8.8k $8.3k
48 Share draft penetration trends significantly above average 56.9% 46.7%
49 Alaska CUs also able to attract higher loan balances $14.3k $12.5k
50 Alaska CUs also experience rapid rise in auto penetration 20.7% 17.1%
51 yet trend slightly below average for credit cards 14.4% 11.2%
52 Alaska CUs able to generate greater income per member $595 $431
53 What do you take away from these performance comparisons?
54 A Changing Regulatory Environment
55 Is Washington the new financial center of America? Fed offers consumers mortgage protection Administration s loan modification initiatives Treasury/Fed purchases of troubled assets Congress passes Credit CARD Act in May 2009 Regulatory overhaul: Consumer Protection Agency and systemic risk regulator Continuing Congressional reforms: overdraft protection, interchange income next? Future of Fannie, Freddie, and the FHLB system Credit union legislative priorities: member capital (change of net worth definition); raise business lending
56 One CU s Top 10 Planning Topics New credit card compliance Reduction in interchange income Courtesy pay legislation NCUSIF The future of the corporate system The future of Fannie and Freddie CUNA s financial viability CRA Unemployment NCUA (new Chair, NCUSIF focus, potential for combined regulators, etc.)
57 Mortgage Stimulus Package
58
59 Clearly Explaining the Implications of the CARD Act for members
60 Courtesy Pay & Interchange Income Defensive tactics In the middle of 2009, fees increased for credit card late payments, credit card over the limit fees, NSF transactions, stop payments, wire transfers and money orders Operating expense reviews, including contract negotiations Product focus Sell auto and homeowners insurance through a third party, and offer financial planning services We will initiate a plan to increase our credit and debit card usage in order to increase our credit card balances and associated interchange income New business lines Start Business Loans And Business accounts Purchase of a mortgage brokerage firm and the acquisition of a title agency
61 NCUA The Focal Point for Next Events Key Questions: How will Corporates future be decided? How should the industry s collective resources be used? What should the relationship between the NCUA and the other components of the credit union system be? Should credit unions try to set a national policy agenda for NCUA? (proactive vs. reactive)
62 NCUA S DIRECT RESPONSIBILITY FOR $193 BILLION OF CREDIT UNION RESOURCES NCUSIF $10B CLF Borrowing Authority $41.5B Corp Stabilization Fund $30B US Central (12/09) $35B WesCorp (12/09) $21.1B Corporate Share Guar. $55.5B Total $193B
63 CREDIT UNIONS ARE PART OF A COOPERATIVE SYSTEM Members CUs Business partners Corporates CUSOs Leagues CLF Regulators NCUSIF
64 THE TIPPING POINT The tipping point is that magic moment when an idea, trend, or social behavior crosses a threshold, tips, and spreads like wildfire. Malcolm Gladwell The Tipping Point
65 Credit Unions have doubled in key balance sheet categories over the past decade % Change # Credit Unions 10,860 7,710-29% Assets $418B $896.8B 115% Loans $276B $580.5B 110% Shares $364.6B $763.3B 109% Investments $128.6B $274.4B 113% Capital $48.5 B $96.8B 100% Members 76.6 M 91.1 M 19%
66 CREDIT UNIONS HAVE BECOME A MODEL FOR OTHERS But one lender has withstood the mortgage meltdown relatively unscathed and could serve as a model for others: the North Carolina State Employees' Credit Union (SECU). Before approving a mortgage, loan reps for the $16 billion credit union the nation's secondlargest visit with the applicant and painstakingly build a household budget that determines what the borrower can really afford. "We make loans face to face, and we eat what we cook," says CEO James C. Blaine. "The commercial banks can do what we do they'd just have to relearn the lending business." BusinessWeek By Dean Foust and Christopher Palmeri 8/13/2009
67 Credit Unions at a Tipping Point
68 Washington s focus in was on institutions
69 FROM WALL STREET TO MAIN STREET: WASHINGTON S POLICY FOCUS IN : THE YEAR OF THE CONSUMER THE BEGINNING OF A COOPERATIVE DECADE
70 The Tipping Point: Credit unions in 2010 Above average growth opportunities are available as more organizations are open to learning about the credit union option Local is more important than ever Lending is critical to our success Innovation through collaboration - develop more system options Tell your story
71 THE KEY TO YOUR FUTURE Remain true to who you are
72 Questions? Jay Johnson
CREDIT UNION TRENDS REPORT
CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics July 2 (May 2 data) Highlights First quarter data revisions were modest. The number of credit unions was revised down by and assets and loans were
More informationReacting to the Challenges: Business Strategies for Future Success. Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska
Reacting to the Challenges: Business Strategies for Future Success Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska Adams Bank & Trust Family Owned for 95 Years $525 Million
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun
More informationCREDIT UNION TRENDS REPORT
CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics June 2 (April 2 data) Highlights During April, credit unions picked up 3, new memberships, credit union loan balances grew at an annualized 1.7% pace,
More informationCREDIT UNION TRENDS REPORT
CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics May 216 (March 216 Data) Highlights During March, credit unions picked-up 577, in new memberships, loan and savings balances grew at a % and 7.6%
More informationAT&T Global Network Client for Windows Product Support Matrix January 29, 2015
AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network
More informationVolunteer Leadership Institute Hawaii 2015. Key Ratios: Taking it to the Next Level
Volunteer Leadership Institute Hawaii 2015 Key Ratios: Taking it to the Next Level Tuesday, January 20, 2015 8:30-11:30 Ko'olau Salon 3 Learning Objectives: Review traditional key ratios. Identify and
More informationElements of a Successful MBL Program. Creating And Sustaining Your MBL Competitive Advantage
Creating And Sustaining Your MBL Competitive Advantage Jim Devine, CEO, Hipereon, Inc. Let s Define Some of The Strategic Concerns For Member Business Lending Where are we Now? There are 2,000+ Credit
More informationWashington. Mid-Year 2015. Prepared by: CUNA Economics and Statistics
Washington Mid-Year 2015 Prepared by: CUNA Economics and Statistics Source: Informa Research Services, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product Comparative Interest
More informationNATIONAL CREDIT UNION SHARE INSURANCE FUND
NATIONAL CREDIT UNION SHARE INSURANCE FUND PRELIMINARY & UNAUDITED FINANCIAL HIGHLIGHTS RENDELL L. JONES CHIEF FINANCIAL OFFICER MANAGEMENT OVERVIEW Balance Sheet Other - Insurance and Guarantee Program
More informationCREDIT UNION TRENDS REPORT
$ in Billions CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics July 216 (May 216 Data) Highlights During May, credit unions picked-up 431, in new memberships, loan and savings balances grew at an
More informationGeorgia. Mid-Year 2015. Prepared by: CUNA Economics and Statistics
Georgia Mid-Year 2015 Prepared by: CUNA Economics and Statistics Source: Informa Research Services, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product Comparative Interest
More informationCREDIT UNION TRENDS REPORT
CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics May 215 (March 215 data) Highlights During March, credit unions picked up 496, new memberships, credit union loan balances grew at an annualized pace,
More informationWhite Paper. ALM: Manage Your Interest Rate Risk From the Bottom Up
White Paper ALM: Manage Your Interest Rate Risk From the Bottom Up Use asset and liability management (ALM) software and effective business practices to manage interest rate risk. As a credit union leader,
More informationHome Affordable Refinance Program
Home Affordable Refinance Program Blake Hampton Fannie Mae Single Family Mortgage March 6, 2013 1 Fannie Mae s Refi Plus Initiative Fannie Mae provides Fannie Mae-to-Fannie Mae streamlined refinance flexibilities
More informationBank of Ghana Monetary Policy Report. Financial Stability Report
BANK OF GHANA E S T. 1 9 5 7 Bank of Ghana Monetary Policy Report Financial Stability Report Volume 5: No.1/2013 February 2013 5.0 Introduction Conditions in global financial markets have improved significantly
More informationAnalysis One Code Desc. Transaction Amount. Fiscal Period
Analysis One Code Desc Transaction Amount Fiscal Period 57.63 Oct-12 12.13 Oct-12-38.90 Oct-12-773.00 Oct-12-800.00 Oct-12-187.00 Oct-12-82.00 Oct-12-82.00 Oct-12-110.00 Oct-12-1115.25 Oct-12-71.00 Oct-12-41.00
More informationCase 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8
Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007
More informationOffice of Attorney General Kenneth T. Cuccinelli, II
Office of Attorney General Kenneth T. Cuccinelli, II 49 attorneys general (not Oklahoma) 43 state banking commissioners, including Va. U.S. DOJ, FTC, Treasury, and HUD. Five largest mortgage servicers
More informationIntroduction to Member Business Lending. Jamie Reznick, Senior Manager Aran Loftus, Manager
Introduction to Member Business Lending Jamie Reznick, Senior Manager Aran Loftus, Manager Presentation Objectives Defining member business lending Strategic considerations Policies and controls Reporting
More informationFederal Housing Finance Agency
Fourth Quarter 20 FHFA Federal Property Manager's Report This report contains data on foreclosure prevention activity, refinance and MHA program activity of Fannie Mae and Freddie Mac (the Enterprises)
More informationThe State of the Corporate Banking Industry 2008 2009 Banking Industry Crisis Andrew Cardimen, Senior Vice President Middle Market Corporate Banking Harris Bank, N.A. 1 The 2008 2009 Credit Crisis 2 ~8,300
More informationEnhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017
From -JAN- To -JUN- -JAN- VIRP Page Period Period Period -JAN- 8 -JAN- 8 9 -JAN- 8 8 -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -FEB- : days
More informationfmswhitepaper Strategies to Increase Fee Revenue By Achim Griesel Senior Executive Vice President, Haberfeld Associates
fmswhitepaper Strategies to Increase Fee Revenue By Achim Griesel Senior Executive Vice President, Haberfeld Associates Unique Insights Implementation Guidance Strategic and Tactical Direction Immediately
More informationU.S. Credit Card. Trends, Liquidation and Portfolio Pricing
U.S. Credit Card Sector Update: Market Trends, Liquidation and Portfolio Pricing Agenda U.S. Credit Card Sector AY Year in Review Key Economic Trends Liquidation and Pricing Changes Market Trends Unfolding
More informationThe GSEs Are Helping to Stabilize an Unstable Mortgage Market
Update on the Single-Family Credit Guarantee Business Rick Padilla Director, Corporate Relations & Housing Outreach The Changing Economy: The New Community Lending Environment June 1, 29 The GSEs Are Helping
More informationGaining Millennial Members BUILDING PARTNERSHIPS WITH PRIVATE STUDENT LOANS
Gaining Millennial Members BUILDING PARTNERSHIPS WITH PRIVATE STUDENT LOANS Presented by: Jillian Gajtka Manager Strategic Partnerships Who We Are: Credit Union Student Choice By credit unions, for credit
More informationMcQueen Financial Advisors
Fall Leadership Development Conference Interest Rate Risk and Industry Trends Jim Craven McQueen Financial Advisors SEC Registered Investment Advisor $4 Billion + under management Municipal & Corporate
More informationSmall Business Lending *
Reserve Small Business Bank of Lending Australia Bulletin Small Business Lending * These notes were prepared in response to a request from the House of Representatives Standing Committee on Financial Institutions
More informationLoans in Credit Unions. 100,000,000,000 Credit Card Loans 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 3Q11
Putting the Credit back ki in Credit Union Tim Harrington, CPA T.E.A.M. Resources 7049 E. Tanque Verde Road, PMB 136 Tucson, AZ 85715 800-788-9542 e-mail: tharrington@forteamresources.com Are we under
More informationAccounting and Auditing Update
Accounting and Auditing Update What Supervisory Committees Need to Know Jeff Green, Partner, Moss Adams Disclaimer The material appearing in this presentation is for informational purposes only and should
More informationLoan Consolidation. Mark Riggs
Loan Consolidation Mark Riggs Bedford Springs, October 12-14, 2015 Introduction Today's students are graduating with loan balances as large as a home mortgage, but unlike a mortgage, student debt is typically
More informationResponses to the Foreclosure Crisis University of Iowa October 2008
Responses to the Foreclosure Crisis University of Iowa October 2008 National Community Reinvestment Coalition http://www.ncrc.org 202-628-8866 1 What is Abusive Lending Prime lending market rate lending
More informationTREASURY MONTHLY INTERMEDIATION SNAPSHOT
Person to be contacted about this report: David Turner, Chief Financial Officer PART I. QUANTITATIVE OVERVIEW TREASURY MONTHLY INTERMEDIATION SNAPSHOT SCHEDULE A: CONSUMER LENDING (Millions $) 1. First
More informationMonetary Policy and Mortgage Interest rates
Monetary Policy and Mortgage Interest rates July 2014 Key Points: Monetary policy, which operates through changes in the official cash rate (OCR), is the main lever of macroeconomic management in Australia
More informationUNDERSERVED. Empowering the. 2014 Credit Union National Association Inc. Reprinted with permission. Dianne Molvig
Empowering the UNDERSERVED Dianne Molvig 28 CREDIT UNION MAGAZINE u DECEMBER 2014 u creditunionmagazine.com 2014 Credit Union National Association Inc. Reprinted with permission. More CUs are seeking CDFI
More informationA Review of Four Critical Drivers of Bank Performance.
A Review of Four Critical Drivers of Bank Performance. Strategic Update, May 2007 Competitive Landscape Deposit Growth Delivery Channel Relationship Management 1 STRATEGIC UPDATE This Strategic Update
More informationCapital Markets Day Athens, 16 January 2006 ALPHA. Retail Banking. G. Aronis Senior Manager, Retail Banking
Capital Markets Day Athens, 16 January 2006 ALPHA BANΚ Retail Banking G. Aronis Senior Manager, Retail Banking Contents: page Retail Banking at a Glance 3 Strategic Emphasis on Retail Banking 4 Household
More informationThe Benefits of Membership. National
The Benefits of Membership National June 2008 Prepared by: Credit Union National Association Economics and Statistics Department About Your Membership Benefits Report The Membership Benefits report communicates
More informationCapitalize on Business Card Opportunities. Barb Hunter, Senior Vice President Credit Card Services
Capitalize on Business Card Opportunities Barb Hunter, Senior Vice President Credit Card Services Agenda Business card landscape Business card product performance Business card strategies and features
More informationFinancial Regulation and Consequences on America's Retirement Savings
Financial Regulation and Consequences on America's Retirement Savings The Defined Contribution Institutional Investment Association (DCIIA) 1 commends the initiative taken by Congress to secure America's
More informationMBS in 2013: More of the same, with a slight twist
213 MBS in 213: More of the same, with a slight twist Jason Callan, Senior Portfolio Manager Agency mortgage-backed securities (MBS) should continue to offer an attractive risk-adjusted return opportunity
More informationPreparing Financial Projections - Basic Tips Prepared by the Office of Small Credit Union Initiatives (OSCUI)
Preparing Financial Projections - Basic Tips Prepared by the Office of Small Credit Union Initiatives (OSCUI) The steps below are provided as general guidance on preparing financial projections using Excel
More informationTracking Real Estate Market Conditions Using the HousingPulse Survey
Tracking Real Estate Market Conditions Using the HousingPulse Survey May 2011 Copyright 2011 Campbell Communications, Inc. Tracking Real Estate Market Conditions Using the HousingPulse Survey May 2011
More informationHousehold Debt and Credit: Student Debt
Household Debt and Credit: Student Debt February 28, 2013 Donghoon Lee The views presented here are those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York, or
More informationCASE STUDY CARDS: DRIVING PROFITABLE GROWTH
CASE STUDY CARDS: DRIVING PROFITABLE GROWTH Executive Summary Business Situation Mid-size Retail Bank in the Middle East Retail Portfolio consisting of Credit Cards and Personal Loans Relatively small
More informationDebunking Student Loan Headlines
Debunking Student Loan Headlines Presented by Jillian Gajtka Saturday, June 11, 2016 11:15 a.m. Student Loan Debt 2 Recent Headlines 3 Headlines crisis bubble 4 Student Loan Jeopardy What percentage of
More informationBridging Finance. Buy-to-let. at Record High
Buy-to-let landlords make use of 64 million in short-term secured loans over last 12 months Total gross bridging lending for all purposes reaches 1.79 billion in year to August 213 In July and August,
More informationInvestment Solutions for Federal Funds - Retirement Plans
LGIP QUARTERLY MEETING & CONFERENCE CALL 7.26.2012 OFFICE OF THE ARIZONA STATE TREASURER AGENDA LGIP Performance Endowment Performance Endowment Distribution Formula State Cash Flow Guest Presentation:
More informationThe U.S. Leveraged Loan Market Today s drivers, tomorrow s challenges. Meredith Coffey, LSTA 212-880-3019 mcoffey@lsta.org
The U.S. Leveraged Loan Market Today s drivers, tomorrow s challenges Meredith Coffey, LSTA 212-88-319 mcoffey@lsta.org Presentation Overview Today s Leveraged Loan Market Tomorrow s Regulatory Environment
More informationMortgage Lending: The Bubble, the Burst and Now What?
Mortgage Lending: The Bubble, the Burst and Now What? How did the financial crisis affect members and how have they fared since? 1 2 3 In the Bubble... What did the credit health of the population look
More informationCommercial Banks And Credit Unions
Commercial Banks And Credit Unions Facts, Fallacies, and Recent Trends Year-End 2012 Mike Schenk Economics & Statistics Department Credit Union National Association mschenk@cuna.coop Bankers claim that
More informationCUSOs, COLLABORATION and the CHANGING CU LANDSCAPE
CUSOs, COLLABORATION and the CHANGING CU LANDSCAPE Ten Key Strategic Moves the American Credit Union Movement Must Make in the Year 2009 and Beyond PRESENTATION BY DENNIS DOLLAR, FORMER NCUA CHAIRMAN AND
More informationNeed to know finance
Need to know finance You can t hide from it Every decision has financial implications Estimating sales and cost of sales (aka direct costs) Gross Profit and Gross Profit Margin (GPM) Sales cost of sales
More informationINVESTMENT MANAGEMENT, LLC. Evaluating Financials In a State of Panic
P Z E N A INVESTMENT MANAGEMENT, LLC Evaluating Financials In a State of Panic Financial Stocks in Free Fall Lehman Brothers Holdings Inc. (LEH) 29-Dec-2006 to 27-Nov-2007 (Daily) High: 86.180 U.S. Dollar
More informationThe Impact of Medicare Part D on the Percent Gross Margin Earned by Texas Independent Pharmacies for Dual Eligible Beneficiary Claims
The Impact of Medicare Part D on the Percent Gross Margin Earned by Texas Independent Pharmacies for Dual Eligible Beneficiary Claims Angela Winegar, M.S., Marvin Shepherd, Ph.D., Ken Lawson, Ph.D., and
More informationHousing Price Forecasts, 2015. Illinois and Chicago MSA
Housing Price Forecasts, 2015 Illinois and Chicago MSA Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs
More informationTreasury Presentation to TBAC
Treasury Presentation to TBAC Office of Debt Management Fiscal Year 2015 Q1 Report Table of Contents I. Fiscal II. A. Quarterly Tax Receipts p. 4 B. Monthly Receipt Levels p. 5 C. Eleven Largest Outlays
More informationVirginia s Evolving Foreclosure Problems: Rural Foreclosures and Mortgage Servicing Errors Are Adding New Troubles to an Already Difficult Situation
Virginia s Evolving Foreclosure Problems: Rural Foreclosures and Mortgage Servicing Errors Are Adding New Troubles to an Already Difficult Situation Key Findings In, the largest increase in foreclosure
More informationShare of Dealership Profits. Auto Lending Abuses: The Pitfalls of Financing Cars. Car Lending Abuses. The Trust Tax.
Share of Dealership Profits 70.0% 60.0% Auto Lending Abuses: The Pitfalls of Financing Cars 50.0% 40.0% 30.0% Presentation of Chris Kukla NC State Bar Legal Assistance for Military Personnel Meeting October
More informationTANZANIA MORTGAGE MARKET UPDATE 31 DECEMBER 2014
TANZANIA MORTGAGE MARKET UPDATE 31 DECEMBER 2014 1. Highlights: The mortgage market has continued to grow steadily, recording an annual growth rate of 59% (with a growth rate of 23% recorded only in the
More informationBANK OF UGANDA STATISTICS DEPARTMENT BANK LENDING SURVEY FOR APRIL TO JUNE 2012 (Q4)
BANK OF UGANDA STATISTICS DEPARTMENT BANK LENDING SURVEY FOR APRIL TO JUNE 2012 (Q4) Abstract: The credit conditions survey captures past, present and prospective perceptions or developments in the Ugandan
More informationMoney 2000. Using power payments to pay off debt. and Beyond
Money 2000 B3709-4 and Beyond Using power to pay off debt When you enrolled in Money 2000 and Beyond, your goal may have been to reduce debt. Writing down your debt reduction goal was just the first step.
More informationNeedham Interconnect Conference
Needham Interconnect Conference August 2015 LendingTree, Inc. (Nasdaq: TREE) Forward-Looking Statements Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 The matters contained
More informationProposal to Allow Treasury to Buy Mortgage- Related Assets to Address Financial Instability
Order Code RS22957 September 22, 2008 Proposal to Allow Treasury to Buy Mortgage- Related Assets to Address Financial Instability Summary Edward V. Murphy Analyst in Financial Economics Government and
More informationCredit Unions in Massachusetts: Growing, Consolidating, and Increasingly Exempt From Regulations
Credit Unions in Massachusetts: Growing, Consolidating, and Increasingly Exempt From Regulations May 2016 PolEcon Research 51 Atkinson St. Dover, NH 03820 brian@poleconresearch.com (603) 749-4677 (603)
More informationA Heavenly Match - The Danish mortgage model in an international perspective. Jesper Berg Managing director, Nykredit Bank Iceland, July 1, 2014
A Heavenly Match - The Danish mortgage model in an international perspective Jesper Berg Managing director, Nykredit Bank Iceland, July 1, 2014 Game Plan The Danish Mortgage model 1...makes sense in a
More informationRecent Developments in Small Business Finance
April 1 Recent Developments in Small Business Finance Introduction In 1, a Small Business Panel was formed by the Reserve Bank to advise it on the availability of finance to small business. At about the
More informationAfrican Bank Investments Limited Strategies to grow in the mass market
African Bank Investments Limited Strategies to grow in the mass market June 2007 Presentation agenda Who we are Our target market A transforming business Is this a good time to be in this market? Outlook
More informationThe Housing and Mortgage Market Problem: A Set of Policy Options
Fisher Center for Real Estate & Urban Economics University of California, Berkeley (510) 643-6105 The Housing and Mortgage Market Problem: A Set of Policy Options Author: Kenneth T. Rosen, Chairman, Fisher
More informationBBVA Colombia. Working for a better future for people
BBVA Colombia Working for a better future for people 2013 The IR Recognition granted by Bolsa de Valores de Colombia S.A. (the Colombian Stock Exchange) is not a certification of the registered securities
More informationTaking stock of China s external debt: low indebtedness, but rapid growth is a concern
1991 1993 1995 1997 1999 21 23 25 27 29 211 213 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 ECONOMIC ANALYSIS Taking stock of China s external debt: low indebtedness,
More informationOperating Performance 2011. - For Annual Results Briefing
Operating Performance 2011 - For Annual Results Briefing March 2012 Contents Operation and Management in 2011 Business Strategy for 2012 2 Part 1 Operation and Management in 2011 Note: Figures without
More information5300 Call Report Frequently Asked Questions
General Questions 1. How long must I keep copies of the 5300 Call Report? NCUA Rules and Regulations Part 749 of the NCUA Rules and Regulations requires credit unions to keep either a hard copy or an electronic
More informationMicro-Lending by Credit Unions. Massachusetts Credit Union League, Inc.
Micro-Lending by Credit Unions Massachusetts Credit Union League, Inc. Micro-Lending by Credit Unions 1. Emergency Loans 2. Auto Loans 3. StretchPay 4. Mortgages 1. Emergency Loans Goal: to reach consumers
More informationCredit Report Forensics. Boston University Financial Assistance February 15, 2012 Christina Coviello, Senior Assistant Director
Credit Report Forensics Boston University Financial Assistance February 15, 2012 Christina Coviello, Senior Assistant Director Today s Agenda: What is credit? What is a credit report? How to get a copy
More informationFunding the Cyclical Business. Lorem Ipsum
Lorem Ipsum Funding the Cyclical Business Acquiring the necessary working capital a business needs to grow and thrive in an uncertain economic climate. A PublicATION 2 OVERVIEW This white paper will discuss
More informationAshley Institute of Training Schedule of VET Tuition Fees 2015
Ashley Institute of Training Schedule of VET Fees Year of Study Group ID:DECE15G1 Total Course Fees $ 12,000 29-Aug- 17-Oct- 50 14-Sep- 0.167 blended various $2,000 CHC02 Best practice 24-Oct- 12-Dec-
More informationThe Mortician s Guide to Retail Banking. David W. Furnace President
The Mortician s Guide to Retail Banking David W. Furnace President December 3, 2015 1 2 Mom s Funeral Called the local funeral home told to call back Called the next closest Set time for a meeting with
More informationThe Credit Union Regulatory Improvements Act Side by Side Comparison 110th Congress 109th Congress 108th Congress Current Law
The Credit Union Regulatory Improvements Act 1. Business Lending a. Aggregate Cap Same Same 20 percent of assets 1.75 x net worth ratio, not to exceed 12.25 percent of assets. b. Business Loan Exemption
More informationMichigan Credit Union League & Affiliates
Michigan Credit Union League & Affiliates Sarah Stevenson Regulatory & Legislative Affairs Specialist Do Your Disclosures Make the Cut? Agenda Accounts Auto Loans Mortgage Loans Open-end Loans 2 Accounts
More informationINDEX OF CIRCULARS NO DATE TOPIC. 1 03-May-82 Loan Approvals. 2 19-Jul-82 Loan Payments. 3 05-Aug-82 Loan Agreement. 4 31-Mar-83 1 Provision for 1983
INDEX OF CIRCULARS 1 03-May-82 Loan Approvals 2 19-Jul-82 Loan Payments 3 05-Aug-82 Loan Agreement 4 31-Mar-83 1 Provision for 1983 2 Changes in Conditions 3 Payments 4 Notification of Approval & Loan
More informationNEVADA S RECOMMENDATIONS
www.faceofforeclosure.com/nevada Recommendation 1: Amend AB 284 from 211 Session AB 284 from the 211 Session established a standard of care by which trustees in foreclosure sales must follow prior to foreclosing
More informationThe Causes of the Financial Crisis and its Consequences
The Causes of the Financial Crisis and its Consequences Peter J. Wallison June 18, 2010 Presentation to the IPAA, Colorado Springs What Happened Timeline of the Financial Crisis Timeline of Financial
More informationLecture 4: The Aftermath of the Crisis
Lecture 4: The Aftermath of the Crisis 2 The Fed s Efforts to Restore Financial Stability A financial panic in fall 2008 threatened the stability of the global financial system. In its lender-of-last-resort
More informationSTATEMENT THE HONORABLE DEBBIE MATZ CHAIRMAN NATIONAL CREDIT UNION ADMINISTRATION CREDIT UNIONS: MEMBER BUSINESS LENDING BEFORE THE
Embargoed Until Delivery 10:00 a.m. EDT June 16, 2011 STATEMENT OF THE HONORABLE DEBBIE MATZ CHAIRMAN NATIONAL CREDIT UNION ADMINISTRATION CREDIT UNIONS: MEMBER BUSINESS LENDING BEFORE THE SENATE COMMITTEE
More informationConsumer and Small Business Banking
U.S. Bancorp Investor Day Consumer and Small Business Banking John Elmore, Vice Chairman Kent Stone, Vice Chairman September 12, 2013 # Forward-looking Statements and Additional Information The following
More informationVincent H. Vieten, MBL PO Office of Examination and Insurance MBL. CUNA Lending Council Conference Fort Lauderdale, FL November 9, 2015
Vincent H. Vieten, MBL PO Office of Examination and Insurance MBL CUNA Lending Council Conference Fort Lauderdale, FL November 9, 2015 Credit unions continue to post strong loan growth in first half of
More informationFIRST COMMAND FINANCIAL BEHAVIORS INDEX
FIRST COMMAND FINANCIAL BEHAVIORS INDEX Third Quarter 2015 FIRST COMMAND FINANCIAL SERVICES, INC. with SENTIENT DECISION SCIENCE, INC WWW.SENTIENTDECISIONSCIENCE.COM POSITIVE TRENDING ON THE FINANCIAL
More informationIntroduction to Mortgage Insurance. Mexico City November 2003
Introduction to Mortgage Insurance Mexico City November 2003 Agenda United Guaranty Mortgage guaranty insurance Industry history Product structure and risk factors Advantages of mortgage insurance Process
More informationFederally Insured by NCUA
2014 ANNUAL REPORT Federally Insured by NCUA Table of Contents Board of Directors... 2 Minutes of the 61st Annual Meeting... 3 Chairman s Report... 4 Chief Executive Officer s Report... 5 Treasurer s Report...
More informationInternational competition will change mortgage lending
Pentti Hakkarainen Deputy Governor, Bank of Finland International competition will change mortgage lending Nordic Mortgage Council Helsinki, 28 August 2015 28.8.2015 Unrestricted 1 Financial stability
More informationBusiness Lending: Lessons Learned and Effective Risk Management
Presenting Business Lending: Lessons Learned and Effective Risk Management Ryan Sturgis, Senior Manager Moss Adams LLP 503.478.2280 ryan.sturgis@mossadams.com Moss Adams Financial Institutions Practice
More informationDeficits as far as the eye can see
Testimony of Mark A. Calabria, Ph.D. Director, Financial Regulation Studies, Cato Institute Submitted to the Subcommittee on Insurance, Housing, & Community Opportunity House Committee on Financial Services
More informationVirginia Housing Market and Foreclosure Status
Virginia Housing Market and Foreclosure Status Virginia Foreclosure Task Force September 17, 2013 Virginia Housing Development Authority Overview 1. Looking back: Market conditions and foreclosure trends
More informationThe Value of a Home. RCIO Monthly Market Advisor
The following information and opinions are provided courtesy of Wells Fargo Bank N.A RCIO Monthly Market Advisor The Value of a Home JULY 16, 2015 Regional Chief Investment Officers Sean McCarthy, CFA,
More informationInquiry into matters relating to Credit Card interest rates
Committee Secretary 15 August 2015 Senate Standing Committees on Economics PO Box 6100 Parliament House Canberra ACT 2600 Inquiry into matters relating to Credit Card interest rates The Westpac Group thanks
More informationYellow Brick Road Holdings FY 2015 Summary & 2016 Outlook
Yellow Brick Road Holdings FY 2015 Summary & 2016 Outlook November 11, 2015 Executive Summary: Delivery in FY15, Enhancement in FY16, Position For Growth Delivered on our commitment to get to operating
More informationOPERATING FUND. PRELIMINARY & UNAUDITED FINANCIAL HIGHLIGHTS September 30, 2015 RENDELL L. JONES CHIEF FINANCIAL OFFICER
PRELIMINARY & UNAUDITED FINANCIAL HIGHLIGHTS September 30, 2015 RENDELL L. JONES CHIEF FINANCIAL OFFICER MANAGEMENT OVERVIEW September 30, 2015 Balance Sheet Cash and cash equivalents had a month-end balance
More information