Management Quality

In a recent column on reuters.com, Ann Saphir writes “Dallas Federal Reserve Bank President Robert Kaplan on Tuesday repeated his view that the current setting of U.S. interest rates is “roughly appropriate” through the end of this year, even as he noted risks from the flu-like epidemic that has brought parts of China to a halt.”

In a December 2019 article, on paymentssource.com, Michael Moeser writes that debit card use is on the rise and so is fraud.

Credit unions will see more of their members shifting transaction activity from credit cards to debit cards. Sadly, fraud losses will continue rising even with this shift. Credit unions will need to keep their policies current to make sure they are minimizing losses due to fraud.

A December 12, 2019 article in americanbanker.com reports: “U.S. business debt exceeded that of households for the first time since 1991, a potential warning sign for the economy as corporate investment softens”.

Credit union managers should be constantly checking their balance sheets and loan portfolios for early warning signs of impending reductions in earnings and/or increases in loan losses.

In a December 12, 2019 article on cutimes.com, Roy Urrico writes: “TransUnion forecasts balances and originations to grow for most key credit products and serious delinquency rates to either decline or remain steady for auto and unsecured personal loans, cards, and mortgages.”

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