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Author Archive for: ‘jgallagher’

  • Superior Credit With MBS

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  • Let’s lose the balloon

    Jim GallagherBalloon maturities have historically been used by commercial banks to manage interest rate risk and to maintain control over the loan. The balloon is a hard due date that forces the borrower to either pay the balance of the note in full or negotiate new terms. Most regional and national banks moved away from the short term (3-5) balloon years ago.

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  • “I hope I never have to go back”

    Jim Gallagher I have said these words many times in my 14-year credit union career. The saying is always in the context of a conversation with a banker colleague that inquiries about my life after leaving banking. I explain that I love always being able to think and plan in a longer time frame than weekly results or quarterly earnings for clients that always act in their member’s best interest.

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  • Let’s Get Ready! Part 2: Administration

    Let’s Get Ready! Part 2: Administration

    In my last article, I outlined three major areas of preparation for the MBL rule change, which goes into effect on January 1, 2017:

    Board/staff
    Administration
    Policies/procedures
    Because we covered the board and staff issue in my previous article, this month we will discuss administration. Beginning next year, examiners will spend a fair amount of time assessing the effectiveness of your credit union’s credit administration. This question puts it more simply: Are you managing the relative risk that your MBL portfolio presents to your credit union?

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  • Let’s Get Ready!

    Jim GallagherNCUA alters regulatory approach to member business-lending activities

    The NCUA published the Final Rule on Regulation 723 on March 14, 2016, significantly altering the regulatory approach to credit unions’ member business-lending activities. Most of the rule will be effective January 1, 2017, and will require planning and policy change by affected credit unions.

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  • Taxi cab confessions and the 5 C’s of sound commercial lending

    Jim GallagherThe near collapse of the taxi medallion market triggered by the emergence of new ride-sharing technology is a great opportunity to re-evaluate both the underlying lending issues that may be intensifying the unfolding disaster and the five principles of sound commercial lending.

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  • NCUA Comment Letter

    Jim GallagherWe believe the proposed changes will be instrumental in helping credit unions better serve their business members while providing the industry more appropriate guidance in risk management. I would respectfully ask the Agency to consider the following modifications:

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  • Discover the secret of an award winning lender

    Jim GallagherLast month I had the pleasure of attending the SBA North Florida Small Business Week awards ceremony in Jacksonville. It was great to see many of our clients at the ceremony, several were honored…

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  • Stop Apologizing and Start Advocating

    Jim GallagherI received a fantastic post from Guy Messick this morning and hope everyone in our industry takes a moment to read and reflect on the message. Well done Guy!

    “It is time that we remember who we are as credit unions and what we stand for. It is time to revisit our core principles and value and advocate how credit unions have made America and Americans financially stronger. It is time to stop apologizing for our desire to grow credit unions and give more people the opportunity to join credit unions.”

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  • Farewell, Charleston; Conference materials now available

    Jim GallagherThe gods were smiling on us during our stay in Charleston. Fantastic weather, an idyllic setting and engaged attendees provided a perfect recipe for our best-ever MBS Summit. I took a picture after leaving our pub crawl at the Blind Tiger Pub, and I think it sums up the whole event.

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