Credit unions have grown to become a major factor in the U.S. economy. “Credit union assets have grown at nearly twice the pace of banks’ over the past decade.”1 Credit unions are owned by their members and are designed to offer lower borrowing costs and higher deposit rates. In addition, the…
Covid-19 and a second quarter 2020 short-term recession have created potential risk in the banking system. Reports on bank financial conditions to be released in August (2020Q2) will detail this risk. Subscribe to IDC Financial Publishing’s online portal to receive updates. Out of the 1,888 institutions with brokered deposits, we have…
Balances on Sweep Accounts Rise Dramatically to Over $695 Billion As a broker, would you be interested to learn about new banks or credit unions as potential issuers of brokered CDs to capitalize on this forecast? Would it be helpful to see the characteristics of these institutions, such as loan to…
In the first quarter of 2020, total brokered deposits with CUSIPs less than $250,000 increased to $443 billion. The number of banks with these brokered CDs that are ranked below investment grade by IDC Financial Publishing (IDCFP), rose to 35 from 33 last quarter, and the value of those banks’…
We are excited to share some exciting changes to our online portal! For months we have been working hard on making some important updates based on feedback from you, our customers. Buy only what you need - Our new subscription model is based on purchasing only the institution ranks you need…
