BUSI 601 Individual Learning Project 1 Essay

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Navy Federal Credit Union is the world’s largest credit union that serves the military and their families. Navy Federal Credit Union is non-profit organization that offer competitive packages to their employees and customers. Navy Federal has a peer 2 peer recognition programs that encourages employees to tell their co-workers how great they are by giving them a virtual “first bump (Fortune, 2016). Navy federal dedicate their services to members, and families that serve in the military. They offer a variety of variety of packages and incentives to satisfy their employees. They promote innovation by providing onsite health benefits, family care programs, compensation programs, and community involvement.

On Thursday August 4, 2016, the FDIC and OCC will hold the 2016 Joint Mutual Forum at the FDIC's L. William Seidman Center in Arlington, VA. The goal of the forum is to promote and support mutual depository institutions. The FDIC Seidman Center was chosen in accordance with Circular 1010.2, "Conference, Meeting, and Symposium Planning Policies, Procedures, and Approval Requirements for Using FDIC Funds for These Activities". There is no meeting room or audio/video costs associated with the event. No site/facility comparison for this conference was conducted. No lodging is available at the FDIC Seidman Residence Center during the Forum dates. FDIC attendees from outside the DC area will be reimbursed lodging per travel regulations. Approval

The Financial Advisor must know the credit union, its members and its programs, and at the same time keep Navy Federal Brokerage Services, LLC, products and programs separate from the credit union products and programs. The procedures in this Section are designed to assist the advisor and credit union in avoiding potential conflict.

First South Credit Union is the business that I chose to perform a risk identification analysis on. First South Financial Credit Union serves the entire Mid South community. In order to be eligible for membership you must live, work, worship or attend school in any of the following areas, Memphis Metropolitan Statistical Area (MSA), Dyer County, Madison County, and North Nashville. First South Financial was founded in 1957. It was originally established to serve the personnel on the Naval base in Millington, they have grown into one of the strongest and safest financial institutions in the entire nation, according to all independent rating agencies. They have locations throughout the Mid South along with a full suite of electronic products

The Dynamic Financial Services (“The DFS”) has teamed up with the 501(c)3 community organization known as,”The Ultimately Holistic & Dynamic Community” (“The UHDC”) to enable fulfilling the mission and goals of achieving “The Journey From Hope To Prosperity” in addition, this initiative is being made possible through your continued support. Your financial gifts allow us to provide holistic support to many individuals and families making difficult adjustments to their financial life. In addition to your one-time contribution, the option of monthly gifts allows your help for those in need to conquer their journey to prosperity.

The purpose of this research is to review the impact of mergers and acquisitions on credit unions as it applies to the principles of money and banking. Specifically we will review the impact of the merger between E & A Credit Union and First Community Federal Credit Union. Mergers and acquisitions are very common in today’s financial environment. According to the Glenn Christensen (2015), there has been an increase in approved mergers again this year, June 2015 over June 2014. Not only are there more and more mergers, the size of the merger is growing as well (Christensen, 2015). As we look at the history of financial institutions over the years, mergers and acquisitions are very common. Mergers and acquisitions have had a significant impact in the decline of the number of banks since 1985 (Mishkin, 2016). Over the past few decades, thousands of banks merged (Wilcox & Dopico, 2011). Credit unions have seen significant numbers in terms of mergers and acquisitions spanning over many years. In 1969 there were 23,866 credit unions with assets totaling $16 billion (Wilcox & Dopico, 2011). This number dropped dramatically by 2010 to only 7,491 credit unions (Wilcox & Dopico, 2011). The assets grew to $927 billion equaling 7.6% of bank assets in comparison to the only 3% held during 1969 (Wilcox & Dopico, 2011). Although there was a 70% reduction in the number of credit unions, credit unions grew in their share of the market..

Relay FCU has certain advantages over larger banks and credit unions, the ability to offer higher interest on savings accounts and lower rates on loans are two examples. The drawbacks of being a small firm however, are such that a problem exists of low membership totals. When a new member joins a credit union, their assets become a resource of the firm. The more assets a credit union can amount, the greater risk it can undertake through loans, the number of and type of loans issued increases and the credit union earns more in interest. Maintaining a steady growth in membership may be especially important to Relay FCU because of the potential effects of an aging membership

out the day-to- day functions that keep our Credit Union going. Our staff and Board are extremely

How do you know if your Bank or Credit Union is financially stable? Did you pick the best Life Insurance or Property Insurance Company? Are you getting the best deal on your Medigap Insurance? Which Mutual Fund will give you the best return? Which Stocks are the best to choose? Get the answers to these important questions – and more – at Weiss Ratings. The Lynnfield Public Library has purchased a subscription to this powerful database for the use of our patrons. Weiss Ratings is available to all patrons in the library on lap-tops, tablets, or our nine Internet terminals. This financial rating service is

The balanced scorecard is a strategic planning and management system that was developed by Dr. Robert S. Kaplan and Dr. David P. Norton in the early 1990's. Their goal was to provide organizations with a clear understanding of what to measure in order to improve performance and results (Balanced Scorecard Institute 2014). The balanced scorecard is a framework that allows an organization to measure performance and compare it to the organization’s strategic objectives and goals (Kinney and Raiborn 2013, 10).

As part of the examination, we reviewed the credit union’s 2017 budget for reasonableness and attainability. The budget projected asset, loan, and share growth of 0.80%, 12.37%, and 0.88%, respectively. YOA was projected to increase to 2.60% and COF was projected to increase to 0.24%, resulting in a NIM of 2.36%. Other income was projected to decrease to 0.80%. Operating expenses were projected to decrease to 2.99% and PLL was budgeted to decrease to 0.13%. These projections resulted in a budgeted ROA ratio of 0.03%, and the net capital ratio was projected to increase slightly to 11.78% respectively. Overall it was determined that the credit union’s budget was reasonable.

These are credit unions that provide payment systems as well as investment services only to “natural Persons” credit unions. “Natural person” credit unions are state-chartered or federal credit unions. The federal government insures all corporate credit unions except three of these credit union and the U.S. central credit union invests surplus funds from other credit unions in corporate credit unions thereby acting as the chief liquidator for these

The balanced scorecard shows the innovation, finance, learning and customers as well to gain the goals associated with this paradigm. In the second column the, measures are there to achieve the goals set in the first column. It extracted through management information knowledge and the environment scanning after research (Whitaker, 2016, pg 131).

Relay FCU has certain advantages over larger banks and credit unions, the ability to offer higher interest on savings accounts and lower rates on loans are two examples. The drawbacks of being a small firm however, are such that a problem exists of low membership totals. When a new member joins a credit union, their assets become a resource of the firm. The more assets a credit union can amount, the greater risk it can undertake through loans, the number of and type of loans issued increases and the credit union earns more in interest. Maintaining a steady growth in membership may be especially important to Relay FCU because of the potential effects of an aging membership population. In a study by the Credit Union National Association,