The Daily Dividend: FMS Publications

News, notes and insights from around the industry

DECEMBER 13, 2018
FMStv: The Importance of a CECL Implementation Roadmap
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMStv: The Importance of a CECL Implementation RoadmapIf you’ve been waiting impatiently for Netflix to release the latest season of [insert your favorite show here], you can now bide your time in a productive manner by checking in on a brand new episode of FMStv. 

In The Importance of a CECL Implementation Roadmap, Tom Caragher of ZM Financial discusses an effective way to plan and track CECL implementation by creating and following a roadmap that brings every component together and plots key goals and milestones on a comprehensive timeline. 

Since CECL will impact numerous areas of your institution, having a sound plan is crucial – tune in to FMStv now to learn how to get started.
 

DECEMBER 10, 2018
A Second Look at forward
By Mark Loehrke, Editor, Financial Managers Society

Looking forward to 2019Year-end is always such a busy time for banks and credit unions, and we can relate here at FMS – not only are we putting the finishing touches on our upcoming January-February issue of FMS forward, we’re actually deep into planning for March-April already as well. But before all of that work comes to fruition, we’ve rounded up some stories that offer a second look at the topics we covered in the November-December issue.

In Forever Young, we built a nice graphic spread around our latest proprietary research on how institutions are appealing to younger people – both as customers and employees. Once they find a way to get those young employees in the door, however, it would be great to also have a solid strategy for grooming them as future leaders.

Industry veteran John Behringer covered a lot of ground in his Eye on ’19 Q&A, including his thoughts on the technological development that he expects to impact banks and credit unions in 2019 – here are five more innovation trends to consider as January approaches. Behringer also touched on the economy and interest rates, of course – two topics that will weigh heavily as institutions look ahead to 2019.

Finally, Rob Newberry and Larry Sorenson engaged in a lively debate about the potential impact of CECL in Point-Counterpoint. Theirs are just two of the many voices that will continue to weigh in on the new accounting standard in the months ahead.
 

DECEMBER 5, 2018
FMS Perspectives: Hedging to Cope with Interest Rate Uncertainty
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Perspectives: Hedging to Cope with Interest Rate UncertaintyThe interest rate environment has been a major concern for financial institutions in the past year, and for good reason. While the Fed has signaled it may take a more moderate approach to interest rate hikes, the question is still not whether interest rates will rise, but rather how high.

Ira Kawaller of HedgeStar offers some advice on how to succeed in this environment in our latest Perspectives piece, “Hedging to Cope with Interest Rate Uncertainty.” He offers tips on building and managing a hedge on a strong foundation, even in these uncertain times.
 

DECEMBER 3, 2018
FMS Research: Forever Young
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

Forever YoungThe spending habits and buying preferences of Millennials and Gen Z have been dominating market research and news cycles with for the past several years, and for good reason – the need to appeal to these segments grows more important every year as their numbers grow and they exert a more formidable influence on the marketplace.

So how are your peers attracting younger people to their institutions – both as customers and employees? We surveyed 400 senior executives at banks and credit unions across the country to find out how they’re bringing in new talent and appealing to youthful demographics for “Forever Young.”

This is the latest piece to come out of our 2018 Community Mindset proprietary research study. If you haven’t already, be sure to check out the rest of this year’s entries.
 

NOVEMBER 19, 2018
FMS Perspectives: How to Determine Millennial Borrowers’ Credit Worthiness
By Mark Loehrke, Editor, Financial Managers Society

The debt levels and credit concerns facing Millennials may make it difficult for community institutions to grow revenue if they don’t begin to consider metrics other than the traditional five Cs – capacity, character, capital, collateral and conditions – when analyzing these young borrowers. This is largely the impetus behind the recent introduction of the UltraFICO score, after all.

In his FMS Perspectives piece “How to Determine Millennial Borrowers’ Credit Worthiness,” Joseph Lowe of Sageworks discusses the unique factors facing Millennials as they become the prime demographic for commercial and consumer loans, and explores some of the alternative ways that institutions can assess these borrowers’ credit risk in order to help sow the seeds of a potential long-term financial relationship.
 

NOVEMBER 5, 2018
Looking forward to 2019
By Mark Loehrke, Editor, Financial Managers Society

Looking forward to 2019As an eventful year winds down, the new November-December issue of FMS forward is already turning the page to get you ready for 2019 with a checklist of look-ahead items for your institution – including a survey of the macro landscape from industry veteran John Behringer, a back-and-forth conversation on the potential impact of CECL and a few thoughts on the value of stress testing.

We’re also taking a look at how institutions can connect with new customers, with a story about one initiative to bring the unbanked into the fold and a look at how banks and credit unions today are reaching out to younger depositors and employees, as revealed by our proprietary industry research – plus a final piece marking our 70th anniversary year, as we check in with some newer FMS members and council volunteers.

Check out the new issue today!
 

OCTOBER 29, 2018
FMS Research: Focus on Profitability
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Research: Focus on ProfitabilityMany of the biggest challenges and the greatest opportunities for growth that banks and credit unions are facing in 2018 – from deposit strategies and the quest for income to digital banking and the ability to attract and retain new customers – can be tied back in one way or another to the concept of profitability measurement. But how many institutions are actually making a concerted effort to determine where their best opportunities lie by digging into the data?

If you wonder how your peers are handling this, wonder no more. We surveyed 400 senior executives at banks and credit unions across the country to see how they approach profitability analysis, FTP (funds transfer pricing), strategic decision-making and more in “Follow the Money: Focus on Profitability.”

This is the latest piece to come out of our 2018 proprietary research. If you haven’t already, be sure to check out the rest of this year’s entries.
 



Contributors


Mark Loehrke
Editor and Director, Publications and Research
Email: mloehrke@FMSinc.org 



Danielle Holland
President/CEO
Email: dholland@FMSinc.org 




Hilary Collins
Specialist, Publications and Research
Email: hcollins@FMSinc.org