Articles by Steve Rick

CU Assets Hit $1 Trillion Mark

But future asset growth will be limited by capital growth.
Steve Rick
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In March 2012, the credit union movement’s total assets reached $1 trillion for the first time in history.
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Three Years Down, Three More to Go

The Fed projects low short-term interest rates through 2014.
Steve Rick
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In January, the Federal Reserve announced that projected economic conditions would warrant exceptionally low short-term interest rates “at least through late 2014.”
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Meager Margins

CU net interest margins could drop below 3% for the first time in history.
Steve Rick
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Don't expect a turnaround until 2013.
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A Sea of Liquidity

Will the Fed institute QE3, extend QE2, or shrink its balance sheet?
Steve Rick
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Should the Federal Reserve start a new round of quantitative easing (QE3) to ensure the economic recovery, or is it time to let the market determine interest rates and let economic chips fall where they may?
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Embrace New Lending Strategies

How does your CU plan to rebuild its loan portfolio this year?
Steve Rick
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The flood of new regulations makes this an ideal time to discuss the CU difference with your members.
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Don't Fight the Fed

Only time will tell if QE2 is effective.
Steve Rick
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The Fed believes QE2 is a necessary condition to support a fragile recovery, and a way to prevent disinflation from becoming deflation.
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Will We Double-Dip?

The two sides of the debate are worth consideration.
Steve Rick
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There are two sides to the debate. Are you a double-dipper or a recoverian?
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What Happens in Europe Doesn't Stay in Europe

The top 10 effects of the Euro-Zone debt crisis on the U.S. economy.
Steve Rick
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The latest "100-year" economic crisis to affect the global economy, which lately seems to occur every seven to eight years, is the Euro-Zone debt crisis. The culprit: Too much borrowing and spending during the last decade.
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