Deposit Strategies 062322

Deposit Strategies in A Fed Tightening Cycle
Webinar presented on June 23, 2022    |   9:30 a.m. 

The recent bond market sell-off was one of the most severe in history as inflation pressures took markets and the Fed by surprise causing a more aggressive stance for tightening this cycle. Undeniably, deposit pricing dynamics have changed, and competition is already intensifying. Despite record levels of liquidity in the system, questions remain…How disciplined will we be in managing excess liquidity as rates rise? How will I respond to competition offering up promotions? How can I minimize deposit cannibalization? Credit Unions need to map out their deposit game plans, particularly if the Fed remains aggressive to lower inflation.

Speaker: Joe Kennerson, Managing Director, Darling Consulting Group
Joe is a Managing Director at Darling Consulting Group, where he works directly with senior management teams on building customized balance sheet strategies to improve earnings and manage risk. Joe strives to be an expert in overall Asset Liability Management and educates ALCOs in the inevitable balance of financial performance and regulatory appeasement. In 2021, Joe spoke at 28 industry associations reaching nearly 3,000 bankers. He is an expert at helping bring clarity to the complex and delivers a high level of energy to his ALM presentations.

Joe has been with DCG since 2005, where he has benefited from working with nearly a thousand ALCOs throughout the country on ALM and strategic initiatives. He lives in Boxford, MA with his wife and two children and has been an active member of the Big Brothers Big Sisters program. Joe is a graduate of the University of New Hampshire with a degree in finance.

Speaker: Billy Guthrie, Managing Director - Deposit Consultant, Darling Consulting Group 
Billy is a Managing Director at Darling Consulting Group, working directly with financial institution executives to validate and better understand key deposit assumptions utilized in risk models. In addition to supporting core deposit study analyses, he also educates DCG’s client base on utilizing data analytics to support strategic deposit decisions through Deposits360°®, DCG’s proprietary tool.

Billy began his career with DCG in 2008 as a financial analyst. He is a graduate of the University of New Hampshire with a degree in finance and management.