by Brian Hague, CFA | Jan 9, 2024 | Enterprise Risk Management, Governance, Operational Risk Assessment, Risk Management, Strategy, Uncategorized
In the landscape of the financial services industry, credit unions serve as pillars of trust, stability and support for their members. Amidst the ever-evolving challenges and uncertainties credit unions face, risk professionals play a pivotal and critical role. While...
by Brian Hague, CFA | Jan 2, 2024 | Economics, Enterprise Risk Management, Risk Appetite Assessment, Risk Management, Strategy
“The only constant is change” is a quote that is mistakenly attributed to the Greek philosopher Heraclitus, but the misattribution doesn’t make the axiom any less true. In the 2023 Q2 report, we anticipated an economic downturn beginning in 2024. By the following...
by Brian Hague, CFA | Dec 30, 2023 | Economics, Enterprise Risk Management, Risk Appetite Assessment, Risk Management, Strategy, Vendor Management
‘Twas the Night Before New Year’s, twenty-twenty-four, And all of us wondered what might lay in store For the coming new year. What would twenty-four bring? Just what to expect had us all pondering. The Fed, they appear to be done with their hiking; A prospect...
by Brian Hague, CFA | Dec 18, 2023 | Economics, Enterprise Risk Management, Risk Management, Strategy
The headline inflation rate – specifically, the Consumer Price Index (CPI) – has declined on a year-over-year basis from a peak of 8.9% in June of 2022 to 3.2% as of October, the latest reading. Last June’s inflation level was the highest since 1981. The decline has...
by Brian Hague, CFA | Nov 20, 2023 | Uncategorized
Things are moving fast in the U.S. economy, so we want to provide a mid-quarter update. We continue to expect an upside surprise in Q4 economic growth, based on the strength of consumer-driven Q3 growth. The holiday spending season should carry that strength through...
