CUES CFO Focus just published an article titled, Transforming Illiquid Assets. The April 9th article was authored by David Austin, Vice President- Business Development at CetoLogic.
The article discusses that interest rates appear poised to rise and credit unions must prepare their balance sheets for the inevitable impact on their liquidity positions. Credit unions have been able to position their balance sheets with excess liquidity for this low interest rate environment, but have neglected to access funds held at the Federal Reserve Bank to satisfy reserves, or to actively manage cash stored in the vault. These institutions can easily create new and permanent revenue streams by transforming these funds into revenue-generating income.
To read the article CLICK HERE or paste this URL https://www.cues.org/cu-management/columns/transforming-illiquid-assets into your internet browser.
CUES was founded in 1962 on the firmly held principle of “cooperation among cooperatives” not only for credit unions but also for CU managers. Since their start, they’ve grown into an organization dedicated to providing credit union professionals, directors and suppliers the resources they need to reach their greatest potential.