News & Insights

Managing interest rate risk feels more difficult than it used to. IRR has always been a core responsibility for credit union management, but what has changed is how quickly conditions can shift and how little margin for error exists when they do.

Based on the high concentration of swaps, this article will explore what a swap is and how it helps manage the fair value change of a fixed-rate mortgage loan portfolio.

Subordinated debt (sub-debt) issuances have increased significantly over the last few years as credit unions use the capital for strategic growth strategies. As of March 31, 2025, 167 credit unions had $4.1 billion in outstanding sub-debt. 

In January, the National Credit Union Administration (NCUA) outlined their 2022 supervisory priorities, which focus on “areas that pose the highest risk to credit unions, credit union members and the National Credit Union Share Insurance Fund.”