Credit unions continue to experience tight margins due to many factors, including low interest rates, a flattening of the yield curve, growth of share accounts, shrinking loan portfolios and a shift in balance sheet structures. Even with a recent uptick in net interest margin for the overall credit union industry (up to 3 percent for Q1 2017), credit unions continue to operate in a historically low NIM environment. As net interest margin typically represents 50 to 85 percent of an institution’s bottom-line income, finance teams need an accurate and consistent methodology for calculating and analyzing NIM to truly measure profitability and performance. Although credit union mission statements are geared toward serving members, profitability is nonetheless an important factor in determining institutional health and viability and needs to be considered strategically in your organization.In an environment of tight margins, employing matched-term funds transfer pricing as a tool for proactive margin management provides an opportunity to improve bottom-line results. Funds transfer pricing is an internal management information system designed to allocate NIM across all segments of the credit union, including branches, products and members. FTP is often used for historical analysis and measurement, but should also be an integral part of strategic planning, budgeting and forecasting to ensure alignment with organizational goals and strategies. Let’s examine the use of FTP throughout the enterprise performance management cycle. 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
The Tullow Tank, the 7-4 favourite, never got into a challenging position and could finish only fifth. Mullins, who completed a treble on a decidedly mixed afternoon, said: “He jumped well and for his second time over fences was very clever. He keeps doing more than I think he’s able to do. “He’s much more comfortable over fences. I’d be thinking of the RSA, or the JLT, at the moment. I wouldn’t be looking to go back in trip with him at this stage.” Winning owner Michael O’Leary added: “He did it well. We ran three to give them more experience and they all ran very well. “I think Real Steel is the horse to take out of it, given he goes left-handed he must have given away half a furlong. Bryan said Valseur Lido had plenty left in the tank even at the end. “We’re very fortunate and hopefully we’ll keep them all fit and well on to Christmas and make a plan after that.” Gigginstown rounded off a treble when Identity Thief (25-1) made a winning debut in the Follow Meath GAA On Twitter Fundraiser (Pro/Am) Flat Race under amateur Davy Roche. “He’s always worked nicely at home, but our horses normally need their first run. Davy said he was very green, but he picked up well,” said trainer Henry de Bromhead. “I will talk to the O’Learys to see where we go next. He has already worked well in a few schoolings over hurdles.” Giving owners Gigginstown House Stud and jockey Bryan Cooper a Grade One double after the earlier victory of Lieutenant Colonel, the Willie Mullins-trained five-year-old dispensed with the opposition in tremendous style. The 7-2 chance made smooth progress to lead after the second-last and forged clear to win by eight lengths from the always-prominent Apache Stronghold, while long-time leader Real Steel kept on admirably for third after jumping out to the left several times. Press Association Valseur Lido emerged an emphatic winner of what looked a highly competitive renewal of the Bar One Racing Drinmore Novice Chase at Fairyhouse.