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ORLANDO – Credit union bottom lines may see more tightening as short-term interest rates rise requiring some of them to reshape their asset/liability portfolios, one expert told attendees at the recent Annual Convention & Exposition of the Florida Credit Union League.

Jared Cahill, national director, alliances, at John M. Floyd & Associates, shared tips on responding to tightening profit margins. He also discussed recent negative trends such as a decline in asset and liability pricing and stiffer competition. Citing CUNA’s Center for Research & Advice 2005-2006 E-scan statistics, he noted a need for greater emphasis on fee income, sharing specific suggestions for improving non-interest income. Credit unions might also want to improve productivity, optimize cost of human capital, to reduce costs of new product launches and reduce full-time equivalent expenses, he suggested.

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