By Cynthia Walker, CEO
NCUA has announced their regulatory focus for 2015. Several of the regulatory topics are of particular interest to our readers.
NCUA's January 2015 Letter to Credit Unions outlines the supervisory priorities for 2015: Interest Rate Risk, Liquidity, and Contingency Funding continue to remain a primary concern for the industry.
NCUA's liquidity rule (741.12) became effective last year, and compliance with the new rule will be assessed.
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By Jason Williams, Financial Analyst
Economic textbooks would tell you that the United States is approaching full employment. If it were only this simple. Unfortunately in predicting the economic outcome of a country of 360 million people, it never is. But the Fed has two mandates: full employment and stable inflation. Based on figures from the Bureau of Labor Statistics, the U.S. is closing in on full employment.
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Update: Latest News from the Fed
Chairman Janet Yellen's speech last Friday, March 27th in San Francisco: "Normalizing Monetary Policy: Prospects and Perspectives."
Why might an increase in the federal funds rate be warranted later this year? Find out here. Click to read the speech.
Source: Board of Governors of the Federal Reserve System, March 27, 2015
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By Mark H. Smith, Founder
Recently I was considering the decision of whether to submit a comment to the NCUA on its revised proposal for a risk based capital rule (RBC) when a brilliant thought raced through my mind, "Why not take a look at what others are saying? After all, the comment period has been open for over a month now."
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We are pleased to announce the advancement of Cynthia R. Walker to the position of Chief Executive Officer of Mark H. Smith, Inc.
Cynthia has been an integral part of the ongoing growth and success of our firm. She has been associated with Mark H. Smith Inc. in various roles for almost 30 years.
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Mar./Apr. 2015
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