CU Funding Compass Week of September 27, 2023

The latest surge in long-term interest rates to the highest levels in 16 years adds to a lengthening list of headwinds threatening to blow the US economy off a soft-landing course. 10-year Treasury yields are up over a percentage point since mid-May, reaching 4.56% Tuesday afternoon, the highest since October 2007. The latest leg-up in yields has come after the central credit union delivered a more hawkish message than many investors expected last week even as it kept interest rates unchanged.

Meanwhile Share Certificate funding maintained what we have seen to be status quo for the year, heavy supply into quarter end pushed rates back in line with short dated treasuries. As credit unions start to button up Q3 and look to year end we may see a slight lull in activity, potentially leaving room for Share Certificate rates to drop slightly in a less crowded market.

Additional Resources

Deposit Funding Compass Week of July 12, 2023

We have an opportunity today to offer any banks that might be looking to lock in funding at current market levels on a firm commitment, quicker settle basis. Our in-house clients have a large surplus of funds to put to work with not enough new bank names available to show them at this time. As…
Read More...

Deposit Funding Compass Week of July 6, 2023

The US labor market showed fresh signs of resilience on Thursday as private hiring surged per ADP; layoffs slowed and filings for unemployment stayed relatively low. US companies added almost 500k jobs last month, the most in over a year. Meanwhile, weekly filings for jobless benefits rose by 12K to 248K according to the Labor…
Read More...

The Foundation of the Finance Industry

The purpose of lorem ipsum is to create a natural looking block of text (sentence, paragraph, page, etc.) that doesn’t distract from the layout. A practice not without controversy, laying out pages with meaningless filler text can be very useful when the focus is meant to be on design, not content.
Read More...

UCFS Barth Brokered Deposit – 2018 – Complete Report

Read More...

Brokered Deposits, 2018 – Study Sacks FDIC Fears on Brokered Deposits

Read More...

Brokered deposits 2018 American Banker Article

Read More...

Barth Report, Brokered Deposits 2018 – One Pager

Read More...

Barth Report, Brokered Deposits 2018 – Multi Pager

Read More...

Brokered Deposits and Community Banks; A 2017 Strategic Perspective

Read More...

Brokered Deposits and Community Banks; A Strategic Perspective

Read More...