“Credit unions have a different structure and business model than banks do, but they’re still depository institutions, so safe and sound is still safe and sound,” said George Burns, commissioner, Nevada Financial Institutions Division (NFID). They’re also the largest state-chartered, locally owned financial institutions in the state, according to Matt Kershaw, CEO, Clark … [Read more...] about The Business of Credit Unions: The “Own-Your-Own” Financing Institution
George Burns
Industry Focus: Bankers
An industry that saw major changes and new regulations after the recession hit, banking has endured a host of ups and downs. Currently in an upswing, the industry is cautious and working toward smart growth. Recently, banking executives met at the Las Vegas offices of City National Bank to discuss banking and talk about some of the changes they’re seeing. Connie Brennan, … [Read more...] about Industry Focus: Bankers
Banking on Nevada: Nevada Financial Institutions by the Numbers
Nevada’s Financial Institutions Division (FID) maintains and supervises Nevada’s banking industry. According to FID, the industry is growing stronger. Some of the positive indicators include loan concentrations – those concentrations that indicate what loan growth is, what loan activity is actually taking place, and whether individual banks have too large a concentration in … [Read more...] about Banking on Nevada: Nevada Financial Institutions by the Numbers
Industry Focus: Bankers
As the state bounces back from the recession, Nevada bankers agree that the outlook for their industry has improved in recent years. However, healthier industries have their own challenges such as new regulations and ambitious competition. Recently, decision-makers in the banking industry met at the Las Vegas offices of City National Bank to discuss these challenges to their … [Read more...] about Industry Focus: Bankers
Industry Focus: Bankers
Enduring a slow economic recovery, the banking industry stays focused on getting businesses back on their feet in the midst of increasing regulations and legislative uncertainty. Nevada banking executives recently met at the Las Vegas offices of City National Bank to discuss the challenges in their industry. Connie Brennan, publisher of Nevada Business Magazine, served as … [Read more...] about Industry Focus: Bankers
Digging up the Debt: Nevada’s Collections Industry
While a noticeable lack of silver in the Silver State has put the pinch on residents and businesses in recent years, one of the few industries to have thrived has been debt collections. As a result of the state’s heavily touted, sky-high unemployment rates, we've seen explosive growth not only in foreclosures but also in household debt. According to Consumer Reports, in … [Read more...] about Digging up the Debt: Nevada’s Collections Industry
Cash Flow & Collections: Making Accounts Receivable Perform for Your Business
Nobody likes to talk about money. Most of us were raised to feel it’s uncouth. For polite society, that’s not such a bad guideline. But for businesses trying to maintain the bottom line, talking about money is a necessity – as is asking for it from clients and making certain it gets paid. In the wake of the economic downturn, collections agencies are seeing fewer accounts … [Read more...] about Cash Flow & Collections: Making Accounts Receivable Perform for Your Business
Industry Focus: Bankers
The banking industry plays a vital role in the success or failure of companies and individuals that rely on banks for their financial needs. Over the last few years, the industry has experienced a myriad of challenges including government regulations, foreclosures, finding qualified borrowers, low interest rates and image issues. Connie Brennan, publisher of Nevada Business … [Read more...] about Industry Focus: Bankers