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Posts tagged with "Performance Management"

04/22/2019

The yield curve is inverting. That’s signaled recession since the ’60s. Now what?

Can we predict the future by looking at the past? When you’re talking about finance, the answer may well be yes. Every recession we’ve had since the 1960s occurred about a year after an inversion of the Treasury yield curve. And, it looks like that’s starting to happen right now. But it’s not time to…

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11/29/2018

Credit Union Puts Data and a Dashboard into More Hands

Chaffey Federal Credit Union of Rancho Cucamonga, CA is expanding its use of Dashboard across the institution. It’s part of a deliberate strategy for Chaffey FCU to increase the use of data to make decisions at every level. The credit union first started using Dashboard to improve the speed, ease, and accuracy of the budgeting…

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11/19/2018

The importance of succession planning at community banks

According to AARP, approximately 8,000 Baby Boomers are reaching retirement age (65) every day in the United States. Look around at your bank’s leadership and ask yourself – how many of them will be getting there shortly? Depending on your answer, you might also ask – how solid is your succession planning? If you’re wondering…

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07/16/2018

Rates are rising! Using rate floors now can protect your NIM in the future

The Federal Open Market Committee (FOMC) has been steadily increasing the fed funds target rate since 2015, with the most recent rate hike occurring on June 13, 2018. Despite a historically flat yield curve (28 basis points between the 2-year and 10-year treasury), the communications from the committee leave open the possibility for two additional…

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05/16/2018

Chasing Your Best Self: It’s All About Your Mindset

Most companies have a set of core values that define their culture. At Deluxe, we have what I think is an awesome set of values. We call it THRIVE. Here’s what it stands for: T: Teamwork. Unified by our strengths, our flaws, and our differences, we work as one team. H: Honesty & respect. We help one…

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10/12/2017

Best Ways to Optimize Your Budgeting, Planning, and Forecasting Processes

How does your financial institution approach performance management? Are you still taking a silo approach to the key aspects of successful PM, including planning, budgeting, and forecasting (PBF)? Are you trusting the way you’ve always done PBF will keep your organization moving forward in today’s faster, streamlined marketplace? Performance management is evolving, and financial institutions…

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09/06/2017

5 Secrets to Turbo-charging Your Bank’s Performance

Before the Great Recession, most financial institutions were rolling along, reaping return on average assets (ROAA) in the neighborhood of 1.35 percent. ROAA nose-dived (along with practically every other economic and financial indicator) between 2007-2009, only to tick back up in 2010. From 2012 to 2016, the average ROAA was around 1.02 percent. In the…

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