If you are in charge of a small to medium sized credit union, you have many challenges in this economy where having a helping hand is a necessity, not a luxury.
GS CU Consulting can help you with:
CEO or CFO assistance. A little or a lot. Short-term placement to fill a need or between a vacancy and a full-time replacement has been found. ALM and IRR policies are available to better utilize your investments.
Strategic Planning - Now, more than ever, credit unions need to establish a roadmap to future success. Gregg has facilitated many planning sessions to help cu's drive change and measure their sucess.
Participating out excessive loan demand, OR bolstering your Loan/Share ratio with effective purchases of participations. (Comsumer loans, not MBL)
The Principal of GS CU Consulting is Gregg Stockdale. Mr. Stockdale has been a credit union CEO for over 30 years, with expertise in Lending, Investing, ALM, and profitability. He worked at virtually every position in a credit union. Additionally, he used that experience to develop insightful products and programs that members want and appreciate.
GS CU Consulting collaborates with other consultants and makes partnerships as needed to fulfil your organizations needs in a professional and timely manner.
We know you have limited resources, so we strive to maximize your value! Please, check us out and give us a call to see where we can be of assistance.
Gregg is very concerned about the needless closing and merging of smaller credit unions. He is fully committed to making a difference in this alarming trend.
News & Publications - Thought provoking insights.
Feeling like you are at the end of your rope? Check out the inspiring post to CU Insight by Gregg:
Some insights about the workings of the CFPB are highlighted. Mr. Stockdale spent two years on the Credit Union Advisory Council of the CFPB 9/12 to 9/14. His insights are most helpful in today's ever-changing market:
Let's not get too crazy on making "loans at any cost" here. There are many sound alternatives to driving rates down too low for too long a term, just to keep the Loan/Share ratio pumped up. Count the cost and look at alternatives (better yielding investments as well as loan participations)
NCUA continues to push for "rates up" as the only scenario possible. The problem with that lies in the assumptions. Find an alternative to NEV. What real impact is there on non-maturing shares. And, what about this focus for the last 5 years?
NCUA's focus has forced some cu's to sell investments at a loss to prepare for the "inevitable" rates up. Learn the true costs of going too short:
Where the big cu's really make their money or How to collaborate for income, not expense reduction:
Before you dismiss offering NON Qualified Mortgage programs, read:
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How we can help:
Who we are:
Loan Participation (LP) Headquarters:
Credit Unions need Loan Participations for many reasons; concentration limits, lack of prime member loan demand, portfolio diversification, risk mitigation, and the list goes on.
Buying from a Broker is expensive and the minimum buy-in's are ever increasing! Why would you pay a broker 2% of the principal amount when you can buy direct for less (or no premium at all)!
As a new service, GS CU Consulting is putting together a buyers and sellers marketplace!
Credit Unions wishing to sell can provide the rates, terms, and loan particulars, and GS CU Consulting will provide that information to those credit unions looking to buy. No longer will you be bound by "closing dates", larger minimum purchase amounts, and hefty fees.
Buyers pay Nothing for this service.
Sellers pay .0025% of the outstanding LP balance per month. The current marketplace provides the selling CU .0050% hold-back of the interest received to offset the processing expenses.
GS CU Consulting works with the buyers to have the policies in place to take advantage of this opportunity if they don't already have LP authority from their board, set up accounting, and assist with monthly settlement posting as needed.
How to get started: Simply send an email, informing us if you are a buyer or a seller. We'll contact you to make arrangements to put you on the buyers or sellers list. Sellers will then disclose the information on the types and terms of their loans for sale. Buyers will be contacted with this information to start the buying process.