Terry Shirey

"US Eagle Federal Credit Union will soon acquire Southwest Capital Bank . The two financial institutions announced." Read the full article by Matthew Narvaiz of the Albuquerque Journal in the link below. #PBCcommunity #PBCconference #PBCCertification #PBCnews #payments #banking #compliance #cannabis #cannabisbanking #cannabispayments #cannabiscompliance #cbd #hemp #cannabisbankingecosystem

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At Merchants & Marine Bancorp, Inc., we continue to follow the path less taken. Most banks focus exclusively on growth, sales, and acquisitions, with many forgetting that behind each of these pursuits lie countless interactions of both internal and external clients. Clients who deserve to have their needs and preferences considered as a part of the design of the ecosystem they’re operating in. Unfortunately, this misplaced focus by leaders produces frustration among team members, diminished client satisfaction, and reduced efficiency & long-term profitability for the banks themselves. With this (and our teams, our clients, and our growing Family of Brands) in mind, we launched Community of Resources (COR). COR will help sustain a client-centric approach in our operational, finance, bank services and risk management lines of business within our Company as we continue to grow and expand our Family of Brands. COR is led by a team of highly capable and highly experienced bankers who are focused on creating better experiences for both internal and external clients. As best I can tell, COR represents one of the first new “Bank Services Companies” that has launched in quite some time. And, that’s even more true of BSC firms launched by banks. We have big plans and even bigger hopes for COR and the impact it will have on not only on our Family of Brands, but on community banks throughout our region. Here’s to continuing to follow the path less taken in pursuit of building stronger communities and brighter futures!

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For businesses with strong financial standing, this SBA update opens doors to seize strategic opportunities, make transformative acquisitions, and propel their ventures forward. It's a testament to the evolving nature of financing solutions, offering more flexibility and accessibility to fuel growth. 💡 Read more about the latest SBA updates at https://bit.ly/3IN0wx0 #MultiFunding #SBALoans #BusinessFinancing

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This afternoon, U.S. Department of the Treasury's State Small Business Credit Initiative (SSBCI) and the Community Development Financial Institutions Fund (CDFI Fund) will host a fireside chat on Scaling Community Finance. The chat will highlight Calvert Impact’s Access small business program, which is funded by SSBCI. Our CEO Jennifer Pryce will join our partners from TruFund Financial Services, New Jersey Economic Development Authority (NJEDA) and the Urban Investment Group at Goldman Sachs for a panel on how Access leverages SSBCI funding to support capital deployment to small businesses in four states across the U.S. Access was created to support #SmallBusiness owners by bringing access to capital and technical assistance to historically un- and under-banked communities across participating states, as well as access to capital markets for #CommunityLenders. This program’s development was supported by Citi Foundation and Wells Fargo. Citi Foundation’s $10M grant enabled Access’ early product development required to launch, and the grant’s flexibility enabled Calvert Impact to be nimble and responsive as needs evolved during the development phase. More information about today's event, which will also include a panel with Treasury Department, The Aspen Institute’s Business Ownership Initiative, and Opportunity Finance Network that will explore other models for SSBCI to support #CDFIs, can be found here: https://bit.ly/3Y92ob1  

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Credit unions face unique challenges that contribute to their failures, including regulatory pressures, #capital and #liquidity constraints, and poor financial management. The recent collapse of Castle & Crystal Credit Union underscores these issues, exacerbated by economic conditions and insufficient financial controls. In his first article for The CFO, James Sleight of PKF Littlejohn Advisory, says factors such as loan delinquency, bad #debt, and lack of strategic oversight play significant roles. ☠ To survive, credit unions must adapt by improving #technology, securing professional advice, and enhancing board competencies. https://lnkd.in/e-QbHMKh #CreditUnions #FinancialManagement #EconomicChallenges #Regulation #StrategicPlanning

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It has always been about the customer for me. No matter the size of the business, there is a reason to have your Treasury Consultant a part of your business's success. Sharing what others are doing within your industry, how to reduce DSO, or extend your days payable, we are able to partner with you and your business for success.

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While bank mergers have slowed credit union mergers continue to pick up steam. What does it mean to you, your job, your career, your company? If a bank does sell often times the buyer is a credit union. Here are some questions to consider as we all try to understand this growing trend: 🔹 Will their members approve all these mergers or will more be like the Centra -Hoosier Hills merger that was voted down (see article in comments) by its members? 🔹 Will they continue to buy more community banks where the members can't vote them down and they get commercial and treasury acumen (see post in comments section)? 🔹 Where will the must have size for a credit union be to in order to survive in this new age? 🔹 Will credit unions be able to maintain their non-profit status as they become more bank like? What culture fits your goals best a bank or a credit union? Are the differences becoming smaller? How can your company hire strong talent from credit unions in this process and take advantage of the opportunity? #mergersacquisitionsdivestitures #mergersandacquistions #mergers #bankingindustry #banking #banks #creditunions #creditunion #career #careerplan #jobsearch #jobgrowth #growth #businessbanking #commerciallending #treasurymanagement

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How is your financial institution approaching deposits today? To stay competitive, we need enhanced sales processes that offer products beyond the classic checking, savings, and term deposits. Pricing must be relevant to depositors while remaining profitable for financial institutions. This calls for investing in innovative deposit strategies, moving beyond traditional practices. Interested in exploring what the best and brightest are doing in this arena right now? Join us to delve into the latest trends and strategies shaping the deposit landscape. Let's navigate the evolving terrain together!

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In this week’s AmiSights Podcast, we dive into Joe McAleer’s journey and experience as Senior Director of Business Financing at MultiFunding. Joe talks about how he knew MultiFunding was the right fit from his first visit 11 years ago. He shares insights into MultiFunding’s unique approach, where the team acts as analysts first to ensure every loan opportunity is carefully evaluated and presented in the best light. Watch the trailer here: https://bit.ly/3V7ifpR Full episode airs tomorrow at 7 am EST! #BusinessLending #SmallBusinessFinance #MultiFunding #LoanOpportunities #Entrepreneurship #BusinessGrowth #SBAloans #BusinessJourney #FinancingTips

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In this week’s AmiSights Podcast, we dive into Joe McAleer’s journey and experience as Senior Director of Business Financing at MultiFunding. Joe talks about how he knew MultiFunding was the right fit from his first visit 11 years ago. He shares insights into MultiFunding’s unique approach, where the team acts as analysts first to ensure every loan opportunity is carefully evaluated and presented in the best light. Listen to the full episode here: https://bit.ly/3UKWFXQ #BusinessLending #SmallBusinessFinance #MultiFunding #LoanOpportunities #Entrepreneurship #BusinessGrowth #SBAloans #BusinessJourney #FinancingTips

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Zero Balance Accounts (ZBA) Non-profits often seek effective ways to maximize donations while minimizing the risk of fraud. To address this, I’ve introduced Zero Balance Accounts as a secure method for electronic fundraising. A ZBA allows only deposits, preventing any withdrawals to safeguard against unauthorized transactions. Deposits remain in the ZBA until they are automatically transferred to a designated transactional account during nightly settlement. Account owners can easily share their routing and account details with their target audience through newsletters and emails to enhance visibility. This approach streamlines the payment process while protecting against fraud. Think ZBAs are only for non-profits? Think again! This method is also ideal for any business looking to transition from checks to ACH for receivables, ensuring the security of your transactional account while accelerating collection times. #fraudprevention #ACH #bestpractices #bankingsolutions #zerobalanceaccounts

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Ag lending partners - if you have questions on risk management, regulatory and compliance, new tools and technologies, your secondary lending partner should be your go-to resource. More than just a source of capital, secondary market partners should serve as your agriculture industry experts, partnering with you to help grow your ag loan portfolio and better serve your clients. Click the link below to read our newest article on this topic, "How to Optimize Secondary Market Partnerships," via Bank Director: https://ow.ly/lI2050S7osg

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The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, rose 2.6% over the prior year in June; above economists' estimate of a 2.5% increase and unchanged from the month prior. Still, the data for May and June showed the slowest annual increase for core PCE in more than three years.

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