Greg Wempe
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 […]
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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%+ […]
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