Tis the season, so with all due respect to Charles Dickens, 2023 was A Tale of Two Economies. A declining stock market until it wasn’t and climbing interest rates until they weren’t — all of which impacted commercial real estate. A compelling new real estate report sheds light on what direction credit unions and regional banks may want to take portfolio-wise in the coming year.
Many organizations do financially fine by relying on practices deemed “tried and true.” But sometimes, visionary executives emerge that re-define success and lead their organizations in ground-breaking and remarkable ways. A new book profiles twelve of these “rebellious” leaders.
With interest rates high and still rising, more and more financial organizations are turning real estate holdings into low-cost cash generating assets.
Silicon Valley Bank (and others), inflation, fed interest rates and future job uncertainty are all fueling concerns about and within the banking industry. Yet, in the face of all this uncertainty, credit unions and community banks are still expanding their branch networks. Why? And are they going about it in the right way?
Nearly every firm we know has — or is in the process — of evolving their workplace in order to recruit and retain key talent and grow their business.
With a recession looming, credit union executives are working hard to determine what a downturn may mean for their HQ and branch portfolios. Word to the wise: Be wary of the upbeat songs being sung by real estate brokerage firms.
A venerable retail bank is spending huge sums to close hundreds of branches. And they’re not alone. Are credit unions missing something or are they – in fact – doing things right?
The way we work is forever changed. The question for many credit unions is the extent to which they accept that concept and what, if anything, they plan to do about it for both their real estate portfolio and their future-at-large.
The beauty of golf – or the angst of it – is how it is forever changing. The same is true for credit unions. In 2022, the CU game is changing like never before and that’s why it’s important to re-assess how we approach it.