Sandra King, CCP’s Post

In a captivating conversation with Giovanni Amodeo, Ted Goldthorpe, Partner and Head of BC Partners Credit, shared his invaluable insights on the private credit landscape, his background, and the future of the industry. #AlternativeInvestments #investmentmanagement

Serhan Secmen of Napier Park led the keynote fireside chat with Thomas Wong of Oak Hill Advisors, L.P. covering insights on CLO portfolio management, the credit cycle, and the future of the loan market at the LSTA | DealCatalyst Annual CLO Industry Conference in NYC.   Some highlights:   - Best advice for CLO managers? Win by not losing! Let the CLO structure work for investors and your job is to avoid losses.   - The perfect metaphor for where we are in the credit cycle? We have landed. Just like a landing jet invariably has some bumps in those early moments, you have still landed.   - Impact of Higher for Longer? As far as technicals, without full conviction on global growth and interest rate prediction, then floating rate assets are where you want to be so demand will remain strong.    - What’s in store for the BSL loan market’s evolution? We see competition for single B-rated loans coming from secured high yield bonds and private credit. Over time the BSL market may see a higher rated cohort of borrowers than it has today. #CLOs #loans #credit

Thank you, American Banker, for highlighting Zirtue’s game-changing partnership with MSU Federal Credit Union! When we partner with purpose to drive financial inclusion, remarkable things happen. 🌟 Learn more about how this partnership sets a precedent for credit unions looking to innovate and provide more value to their communities: https://bit.ly/44Fbn6o #FinancialInclusion #FinTech #DebtTech

Great article from Oregonbankers.com Community Banks of Oregon Encourages Small Businesses to Bank Locally Use these tips to make the switch   Salem, Ore., May 16, 2024 – As small businesses continue to navigate the ever-changing financial landscape, the Community Banks of Oregon (CBO) emphasizes the benefits of banking locally and offers insights for businesses considering a switch.   In today’s competitive market, small businesses are constantly seeking ways to optimize their operations and enhance their financial stability. Amidst this pursuit, many entrepreneurs overlook the significant advantages that local community banks can offer. CBO aims to shed light on these benefits and provide practical guidance for businesses contemplating the transition.   Reasons to Bank with a Community Bank   Personalized Service: Community banks pride themselves on delivering personalized service tailored to the unique needs of each business. They naturally understand the needs of a small business because they are a small business too. You’ll gain an advisor you can trust, plus you don’t have to forgo the products, services or technology you get from your current financial institution.   Local Decision-Making: Decisions are made locally, ensuring quicker responses and a deeper understanding of the local economic landscape. This agility can be invaluable for small businesses, especially during critical moments.   Community Support: By banking with a local community bank, businesses contribute to the growth and prosperity of their communities. Banks reinvest in the communities they serve through loans and support for local initiatives, fostering a symbiotic relationship with their business clients.   Flexibility and Customization: Community banks offer a diverse range of financial products and services that can be customized to suit the specific requirements of each business. Community banks remain committed to supporting the financial needs of small businesses and invite entrepreneurs to experience the difference that community banks can make.   For more information and to find a community bank near you, visit https://lnkd.in/gi6Gb5Sf.

💹 Members of SECU, America's second largest credit union who serves 2.8 million customers initially voted against risk based lending because it broke the credit union’s successful 85-year cooperative philosophy of treating every member fairly and sharing the benefits of membership.   However, after the board voted to proceed, starting in their auto book, the results were amazing.   - 35% increase in origination volume - 81% increase for "A-tier" borrowers - Reduction in delinquency and write-offs   Some board members still do not agree with the move, stating that risk-based lending and pricing are discriminatory and creates "second-class members". This is a very interesting perspective when trying to balance member equality with lending money, which is heavily influenced by credit risk.   Should those with better credit risk be subventing those with poorer credit risk? I would be very interested in your thoughts! 🤔 Article below:

River City Bank: Thinking big while staying grounded! 💸 💼 Experiencing rapid growth in recent years, the bank's commercial real estate loans now make up 660% of its capital. With the level of market downturn, banks are facing challenges in refinancing, especially in California's office markets which have been impacted by the pandemic. Michael Imerman, faculty director of the master of finance program here at the Merage School of Business, warns that "small banks cater to a specific clientele and that can lead to an age-old problem: concentration risk". #UCIMerage Read more here: https://bit.ly/3W3Tqft

Announced at the end of March, Cascade Community Credit Union received top rankings through the nationally recognized S&P Global Market Intelligence list, ranking as the #1 Credit Union in Oregon and #2 of 4,900 Credit Unions in the United States in 2023. According to the data and analytics firm, S&P Global Market Intelligence calculated scores for each credit union based on five metrics: member growth; average loans per member; net worth as a percentage of total assets; delinquent loans as a percentage of total loans, and return on average assets. Cascade Community CU has ranked amongst the top credit unions in the nation for several years, proving not only their commitment to excellence locally but to the highest standards achievable. Cascade Community CEO, Lynn Calvert said that “For years, our organization has been recognized with this achievement from S&P Global Market Intelligence, this year with our highest ranking yet and it’s one we are exceptionally proud to receive. This accomplishment further solidifies our position as a nationally-recognized financial institution where members can feel safe about their financial future with a local organization headquartered in Douglas County for over 75 years. This is also evidence of the pivotal role our dedicated employees play in our success by meeting, or exceeding, our communities’ expectations day in and day out.” https://lnkd.in/guvDRb7n GoWest Credit Union Association Roseburg Area Chamber Commerce

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Great article on why we should spend more time analysing HY bonds & loan docs and term sheets as well as try to understand their implications. Liens might not provide the protection nor the recovery you think they are. Also thanks to the FT for linking the original report from Barcap.

Helping our customers reach their financial goals is how we measure success. Come in today and let's turn your dreams into reality together! #CommunityBanking #KentuckyBanking #SmallBusiness #FinanceProfessionals