Deere Employees Credit Union Improves ALM Forecasts With Core Deposit Analysis
Deere Employees Credit Union Improves ALM Forecasts With Core Deposit Analysis
2 Pagesabrigo.com THE CHALLENGE: CREDIT UNION’S GROWTH HIGHLIGHTS IMPORTANCE OF ALM Predicting depositor behavior can be challenging. A credit union might expect members utilizing non- maturity deposit accounts to behave one way when interest rates rise, but they may in fact behave quite differently. When that happens, a credit union’s ability to forecast capital and earnings is made more difficult. Deere Employees Credit Union is an 84-year-old credit union that first opened in Moline, Illinois, to serve the workers and their families of Deere & Co. It now serves some 60,000 members who are current or retired Deere & Co. employees or family members, or employees of Deere & Co. contractors, wholly owned subsidiaries, joint ventures, and John Deere Dealers. Managing over $1
