Greg Wempe
May 2, 2019
At one point in time, the smallest town in the U.S. was Buford, Wyoming. Population: 1. The only resident also ran the only gas station and post office in the town. It’d be a real kicker if he also ran the only bank, right? Suffice to say, America is home to many small communities along […]
premium
January 8, 2019
Since the 2008 financial crisis, the financial industry has left “crisis-response mode,” but we’re not out of the woods yet. Many institutions emerged from the financial crisis with their balance sheets in different stages of health. Though the economy continues to grow, we need more than a one-size-fits-all solution to get back on track. The […]
premium
September 24, 2018
We all received the same lecture on the first day of banking school, and it started with the professor writing three large letters on the freshly-cleaned blackboard: C. O. F. For good reason. Without a sharp eye on cost of funds (COF), banks and credit unions can expose themselves to interest rate risk (among many […]
premium
September 14, 2018
When I first started at Kasasa (then known as BancVue), Fed Funds was targeted at 4.50%. Short-term CD specials were clipping 5% as banks and credit unions clamored for deposits. Three months later, target Fed Funds hit its peak of 5.25%, those same CD specials started pushing towards 6%, we were launching clients with 6%+ […]
premium