Blog & Resources
The Importance of an Operational Risk Management Framework
Risk management is at the core of success for credit unions as they set their strategy towards creating, preserving, and realizing value (i.e., adding value to their members' lives!). However, it is easy for leaders to get...
Economic Risk Monitor – 2022 Q4
As we enter 2023, the U.S. economy is still beset by high inflation, and the Fed’s policy response threatens to stall economic growth. A housing correction is fully underway, and there are continuing signs of cracks in an otherwise apparently robust labor market.
Economic Risk Monitor – 2022 Q3
Headwinds are on the economic horizon, fueled by uncontrolled inflation, rapidly rising interest rates, a housing market correction, and signs of emerging labor market weakness.
Rochdale launches Reimagine Risk | A Rochdale Podcast
Tune in to Reimagine Risk, where our risk experts help identify and stay on top of the potential market and world vulnerabilities that can impact your credit union’s profitability and sustainability.
As Housing Goes, So Goes The Economy
Those words, uttered by President George H. W. Bush in 1992, may be a harbinger of things to come, if the most recent home price data is any indication. After more than a year of widespread bubble-like increases in home prices across the U.S., the June data revealed the first cracks in the housing bubble. Driven by a combination of affordability challenges brought on by the significant run-up in prices, and a 275 basis point (bp) increase in the average 30-year fixed mortgage rate in just six months, the nascent turn in home prices could signal a shift in the direction of overall economic activity.
Rochdale introduces new Client Success Manager Mallory Bounds
Beginning with new client onboarding, and then progressing through implementation and on to successful adoption, Client Success Manager Mallory Bounds partners with our team of experts to deliver a scalable solution that is tailored to fit your risk objectives.
Rochdale CEO Tony Ferris is featured in CUNA News Podcast
Rochdale CEO Tony Ferris was featured in the CUNA News Podcast episode titled "Building an ERM framework" last month. In the episode, Ferris shares why every credit union should have an ERM program and how to formalize its...
The Numbers Behind Your Staffing Challenges
One of the most consistent themes we hear from clients is that their greatest strategic challenge is retaining and attracting talent. We’ve all heard about “the Great Resignation,” “ghosting,” shifting worker preferences post-COVID-19, even the recent study that found that millennials would rather be unemployed than unhappy at work.
Lessons From 1994: An Interest Rate Retrospective
Consumer inflation is at the highest level in 40 years: the Consumer Price Index (CPI) year-over-year is up 7.5% as of January 2022, the highest rate since February 1982.