Andrew Ciafardini

As Filene launches each new Center of Excellence, we start by creating a shared understanding of the current state of the industry for that given topic. For the Center for Leadership, Strategy & Governance, one of the most pressing areas to dig into was in the realm of credit union governance. Filene is thrilled to present its latest research output, “Credit Union Governance Landscape.” This 4-part infographic series provides crucial insights for credit union leaders looking to enhance their governance practices and shape their boards into a strategic asset. Key focus areas include: • Shaping Your Board to Be a Strategic Asset: Learn to select directors who advance your credit union’s strategy while fulfilling fiduciary duties. • Making Your Boards More Effective: Explore best practices for onboarding and evaluating directors to maximize their contributions. • The CEO and the Board: An in-depth look at the vital relationship between the board and the CEO, publishing on October 3. • Optimizing Board Meetings: Strategies for conducting effective board meetings, publishing on October 10. Spearheaded by Dr. Amy Hillman, an expert with three decades of both academic research and practical experience as a board member, this unique output is now available exclusively for Filene members. Access the full series here: filene.org/LSGinfographics

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Don't Miss the PPRC 2024 Opening Keynote! Kick off the conference with expert insights from Ian Wyatt, SVP and Director of Economics and Commercial Market Strategy at Huntington Commercial Bank. He'll break down the current economic climate and its impact on the U.S. paper and plastics recycling markets, setting the stage for the entire event. Equip yourself with the latest industry knowledge and register today: https://lnkd.in/e-FDFD76 Read more about our keynote speaker here: https://lnkd.in/eScMXp-K _____ #PPRC2024 #PaperRecycling #EconomicInsights #PlasticsRecycling #EconomicStrategy

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With some banks reporting a modest worsening in credit quality metrics, how can directors examine the loan process for problem spots? Learn more in this exclusive article for boards participating in Bank Director's Bank Services Program, from Paul Davis.

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Kallum Pickering appeared on CNBC following the Bank of England's recent announcement. His expert analysis is included in today’s Economics QuickPulse. In reality, the small 25bp reduction in the Bank Rate will not have a material direct positive impact on economic activity. Symbolically, however, it is important. It marks the end of the aggressive tightening cycle that the BoE had to undertake in 2022 and 2023 in response to surging inflation. Today’s cut will likely reinforce expectations of future cuts, which may support household confidence and risk taking in financial markets. Listen here: https://lnkd.in/eC83NweU #bankofengland #interestrates #peelhunteconomics

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Thrilled to unveil Edelman Smithfield's investor pulse research on "Investor Expectations for a U.S. IPO Market Recovery.” Ninety one percent of investors surveyed they are about the same or more likely to invest in future IPOs compared with the IPO boom of 2020-21, painting a clear picture of expectations for a U.S. IPO market that is poised for recovery. The survey also illuminates notable parameters that investors are using to evaluate high-quality investments. Download the full report: https://lnkd.in/gnVsqBB5

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CDFI Fund Update: FY 2024 BEA Program Application Demand The Community Development Financial Institutions Fund (CDFI Fund) released application data for the FY 2024 round of its Bank Enterprise Award Program (BEA Program). Key Highlights: ➡️Over $101 Million Requested The BEA Program saw 176 applications requesting over $101 million, more than 2.5 times the available $40 million. These applicants are from 24 states and the District of Columbia. ➡️Significant Increases in Qualified Activities From January 1 to December 31, 2023, applicants reported nearly $1.1 billion in qualified activities, marking a $390 million increase from the baseline period: - $257 million in loans and investments - $78 million in equity investments and support to CDFIs - $56 million in financial services ➡️Commitments to Persistent Poverty Counties (PPCs) Out of the 176 applicants, 98 committed to deploying a portion of their award in Persistent Poverty Counties, including areas in Puerto Rico and other U.S. territories. Applications are under review, and the CDFI Fund expects to announce awards in fall 2024. #CDFIFund #BEAProgram #EconomicDevelopment #CommunityFinance #CDBA #InvestInCommunities #PersistentPovertyCounties #FinancialInclusion

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