Steve McMaster Named Newcleus Chief Financial Officer

by Feminella, Amy | Dec 1, 2021 | Bank advisors, Compensation Advisors, Credit Union Advisors, Featured, News, We are Newcleus

Steve McMaster Named Newcleus Chief Financial Officer NEWTOWN, Pa., December 1, 2021- Newcleus, a company that designs, administers, and services creative compensation, benefit, investment, and finance strategies, announced that Steve McMaster joined the company as...

What is My CU’s “Speed Limit” for Growth?

by Feminella, Amy | Nov 16, 2021 | Credit Union Advisors, Insights

In our prior posts we’ve described the need to grow – both from a market relevance standpoint (9.2% per year – sustainably) and from an operating efficiency standpoint (all things being equal, operating expense per unit goes down as assets go up). Now, we...

How Newcleus’ Partnership with Waterfall Drives Innovation and Excellence

by Feminella, Amy | Nov 4, 2021 | Bank advisors, Compensation Advisors, Credit Union Advisors, Featured, Insights, News, We are Newcleus

How Newcleus’ Partnership with Waterfall Drives Innovation and Excellence Newcleus’ partnership with Waterfall Asset Management will enhance client experience and bring more offerings with innovative technology, security and data integrity. We power organizations as...

Why Does Your Credit Union Need to Grow?

by Feminella, Amy | Oct 31, 2021 | Credit Union Advisors, Insights

Welcome to post three in our five-part series on strategic growth. In the first part of this series, we introduced the figure 9.2%—the approximate rate at which your credit union must grow annually for the foreseeable future just to keep place with its peer group! In...

A Simple Math Lesson: How Did We Get 9.2% as a Sustainable Growth Rate?

by Feminella, Amy | Oct 24, 2021 | Credit Union Advisors, Insights

The supply of available money in the global financial system is growing over time. If we use M2 as the “supply” of money available in the U.S. financial system we can see the trend in growth of money supply using the chart below: Historically, roughly 9 to 10% of that...

Do You Have Over 9.2% Sustainable Growth Baked into Your Credit Union’s Strategic Plan?

by Feminella, Amy | Oct 10, 2021 | Credit Union Advisors, Insights

Congratulations! You’ve made it through one of the most challenging periods on record! This past year has brought a myriad of unforeseen challenges to credit unions—remote work, loan forbearance, PPP small business loans, a flood of stimulus deposits, loan roll-offs,...