Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Although 30-year fixed mortgages have shrunk as a percentage of total assets, long-term assets overall have increased to more than 35%.

Denise McGlone of Affinity Federal Credit Union knows that institutional safety and soundness depends on managing both sides of the balance sheet. As EVP/CFO of the $2.3 billion Basking Ridge, N.J., institution, she understands her job.

Over the past two years, McGlone has chosen to manage risk in several ways, including selling off part of her long-term, fixed-rate mortgage loan portfolio. The sale was driven in part by the need to strike a better balance among assets and liabilities in the face of eventually rising interest rates.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.