Winning the rate game

first_img 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The market for commercial real estate (CRE) loans is really gaining speed, and credit unions should take note of this in order to execute a successful business and commercial lending strategy. The new year marks the beginning of increasing competition among the industry’s CRE lenders as they seek to meet the continuing demand for commercial loans, while remaining competitive in the rate game.Look at the situation from the standpoint of the pass-through rate, which is the net interest rate passed through to investors after deducting servicing, management and guarantee fees from the gross mortgage coupon. In 2014, and for most of last year, the pass-through rates for CRE loan participants with standard credit ranged from 3.9 percent to 4.25 percent. These pass-through rates translated to interest rates for borrowers in the 4.40 percent to 4.75 percent range. With the recent NCUA member business lending deregulation and increase in loan volumes, CRE lenders have an opportunity to sustain growth into 2016, in spite of the rate hike.In the past few months, our research team has performed a market scan to assess the number of large-scale and community banks entering the CRE space with highly competitive rates. In many cases, these competitive rates were between .50 percent and .75 percent lower than the standard rates earlier in 2015. In some cases, credit unions lost attainable CRE opportunities to banks that negotiated much lower rates on deals. This trend can and should stop now; credit unions cannot afford to miss these opportunities to capture more market share. continue reading »last_img read more

Apply for reserved spring turkey hunts, Jan. 6

first_imgStatewide—Hunters can apply online for a reserved turkey hunt by visiting on.IN.gov/reservedhunt and clicking on the “Reserved Hunt Info” link. The application period is Jan. 6 through Feb. 19. No late entries will be accepted. The online method is the only way to apply. Applicants must possess a valid hunting license for the species they wish to hunt.The application process is now consolidated into the online services website along with licenses, Check-In Game and HIP registration. An online account is not required to apply, so there is no need to log in.Please note that in this new system, hunts without a registration fee will follow the same process as those with a fee. For hunts with no fee required to register, you will be asked to “Add to Cart,” “Proceed to Checkout,” and “Place Order.” If the transaction total is $0, you will not be asked to enter credit card information.For draw hunt results, there is a “Click Here” link on the home page, or you can log in to your online services account. The link from the home page will only show hunts that you registered for when the date of the hunt is still upcoming. Logging in to your account online is required for you to see the full history of your past hunt registrations (previous years).Properties hosting turkey hunts include:—Atterbury Fish & Wildlife Area: April 22-24, April 25-26—Aukiki Wetland Conservation Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Big Oaks National Wildlife Refuge: April 22-24, April 25-27—Crosley Fish & Wildlife Area: April 22-24, April 25-26—Deer Creek Fish & Wildlife Area: April 22-24, April 25-26—Fairbanks Landing Fish & Wildlife Area: April 22-24, April 25-26—Glendale Fish & Wildlife Area: April 22-24, April 25-26—Goose Pond Fish & Wildlife Area: April 22-24, April 25-26—Hillenbrand Fish & Wildlife Area: April 22-24, April 25-26—Hovey Lake Fish & Wildlife Area: April 22-24, April 25-26—J.E. Roush Lake Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Jasper-Pulaski Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Kingsbury Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—LaSalle Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Mississinewa Lake: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Muscatatuck National Wildlife Refuge: April 22-23, April 24-25, April 26-27 (Youth only: April 18-19)—Pigeon River Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Salamonie Lake: April 22-24, April 25-27, April 28-30, May 1-May 3, May 4-6, May 7-10—Sugar Ridge Fish & Wildlife Area: April 22-24, April 28-29—Tri-County Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Willow Slough Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Winamac Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10Only one application is allowed per license holder. No changes can be made once the application is submitted.Hunters will be selected through a computerized random drawing. Drawing results will be available online within two weeks after application deadlines, and an email will be sent to applicants when results are posted.For more information and to apply, visit on.IN.gov/reservedhunt.To view all DNR news releases, please see dnr.IN.gov.last_img read more