US Consumer Strength Contrasts With Euro Weakness
Bonds rallied on Wednesday as trading continued to be driven by European news. While the failed German Bund auction drew the most talk, the deeper, substantive issues in the Euro region were the underlying market drivers. US economic data reports were positive as jobless claims remained below 400,000 and consumer confidence as reported by the UofM ticked higher. (READ MORE)
The Quiet Governance Risk Credit Unions Should Talk About By Grant Sheehan, CCUE | CCUP | CEO, NCOFCU Having spent many years both serving on a credit union board and leading as a CEO , I’ve had the opportunity to see governance from both sides of the table. That perspective has given me a deep appreciation for the delicate balance that must exist between management, leadership, and board oversight. When that balance works well, credit unions thrive. But when it slowly shifts — often unintentionally — it can create governance weaknesses that regulators and examiners increasingly watch for. In conversations with governance professionals and through years of industry experience, one theme keeps emerging: most governance problems don’t begin with bad intentions or misconduct. They begin with boards that gradually become too dependent on management. This is rarely obvious at first, but in fact, it often occurs within high-performing organizations. But slight patterns ca...
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