Speakers

Thorny Financial Issues of 2019: Deposit Growth Cost and Loan Pricing

Dean Reineking
SVP & Senior Portfolio Manager, FTN Financial

Two issues are emerging at the top of the list of financial concerns for 2019. First, deposit growth is slowing and the cost of attracting new deposits presents a major challenge now that short-term interest rates have risen above 2.00%. Moreover, the Fed might not be done adding to the pressure. This session will address deposit cost issues and strategies to manage a rising cost of funds. A particular focus will be placed on the economics of CD specials. Second, loan pricing is a hot topic as credit unions battle the trade-off between loan production goals and the need for higher loan yields. This session will address loan-pricing strategies from two perspectives: profitability and fairness among members. A particular focus will be placed on the economics of auto loan pricing.