2.40 Variable-Rate Products and CU*BASE Tools

Supervisory / Management

Summary

This course offers a review of the difference CU*BASE variable-rate-control features for both certificate and loan products. The course will review how to develop long-term variabl-rate strategies, the use of indexes, disbursement catalysts, and incremental and full-rate-variable methods. Understanding all the CU*BASE options for designing effective programs and products is key to selling variable-rate products to members.

Audience

This course is designed for operators, marketers, and financial analysts , and is a good cross-training course for supervisors.

Objectives

-Reviewed the differences between group, contract and update variable-rate types.

-Explored the difference between traditional variable-rate products and LOC-disbursement variable-rate codes.

-Discussed variable-rate cycles, payment changes, and notices.

-Reviewed certificate-variable-rate tools

-Discussed how to effectively communicate loan changes to members

-Discussed automated scheduling and behind-the-scenes rate changes

-Investigated new CU*BASE index features for variable-rate control

-Discussed traditional adjustable-rate-mortgage (ARM) lending and it's effectiveness in CU*BASE credit unions.

Topics

-Variable-rate-code configuration

-Index-code configuration

-Scheduling variable-rate changes

-Monitoring variable-rate codes

-Controlling variable rates at loan creation

-Using variable rates as pricing controls

-Marketing variable-rate loans

-Marking variable-rate certificates

-Analyzing the ALM effect of variable-rate loan and CD portfolios

Course Schedule

Future times and dates are to be determined.