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The NEV Supervisory Test: Recession & Depression

September 7, 2022 at 2:00PM

Frank Farone

Managing Director

Darling Consulting Group

Frank consults nationwide with CEOs and CFOs of financial institutions to increase earnings through the proactive management of capital, liquidity/funding risk, and interest rate risk. He is a frequent speaker and author on topics such as industry issues and trends, funding solutions, regulatory issues, interest rate risk management, capital management, and derivatives hedging techniques.

Frank was designated a “top-rated” speaker by FMS and is well known for his popular seminar “Turbo Charging Your ALCO Process” having helped thousands of bankers across the country.

Two consecutive quarters of negative NEV Supervisory Test results for credit unions have swiftly migrated the risk levels of credit unions to levels not seen in a lifetime, and the trend is only getting worse.

If a "Recession” is when your neighbor CU is at HIGH risk, a “Depression” is when your CU is at EXTREME risk and under a DOR with 45 days to develop a de-risking plan. Despite all the benefits of higher rates to the CU industry, namely higher ROA, ROE, and earnings, widening margins, capital growth, and opportunities to reinvest cash flows at 300bps higher versus a year ago, the NEV Sup Test is flashing “unsafe and unsound” for many with no end in sight.

The best offense is a good defense, and time is not a friend. Join Darling Consulting Group Managing Director Frank Farone to learn how to prepare for your next exam and best deal with the NEV Supervisory Test under a DOR without creating more risk to your CU by acquiescing to the demands of the test.

Now is not the time to panic but rather prepare. We have your back!

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