OFFICIAL PUBLICATION OF THE NEW MEXICO BANKERS ASSOCIATION

Pub. 21 2024 Issue 3

5 Strategies for Financial Institutions to Thrive After Rate Cuts

Responding to Upcoming Rate Cuts
As financial institutions anticipate potential rate cuts, many banks and credit unions are asking what they can do to strategically prepare for changes in the economic landscape. Dave Koch, director of Abrigo Advisory Services, shared valuable insights on this topic during a recent episode of “Ahead of the Curve: A Banker’s Podcast.” We outline five essential steps financial institutions should consider when preparing for or responding to rate cuts.

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How Banks Can Refine Data Into Actionable Insights

Community banks have a lot of untapped data at their fingertips. When used with the right tools and expertise, the vast amount of data at a bank’s disposal offers significant opportunities to boost performance. However, the financial services industry faces numerous issues due to the variety and large volume of complex data it handles.

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New Mexico Mortgage Finance Authority Announces an Updated Brand: Housing New Mexico

New Mexico Mortgage Finance Authority Executive Director/CEO Isidoro Hernandez announced at a news conference that New Mexico Mortgage Finance Authority has rebranded to Housing New Mexico, and the nearly 50-year-old quasi-governmental entity officially unveiled a new logo.

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America’s Endless Election Cycles

A Closer Look

A common refrain when American presidential election cycles roll around every three years or so is, “Why are our elections so long? Do they have to be?” It’s well-known that election cycles in the United States last a relative eternity, but less discussed are the reasons why they are so painfully overlong. To illustrate how numb Americans have become to the constant electioneering, there were questions when President Joe Biden dropped out earlier this summer over whether the Democratic Party could organize a competent campaign in the matter of several months.

America’s Endless Election Cycles

A Closer Look

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Executive Vice President’s Message: How to Create and Maintain an Effective Internship Program

A Personal and Overall Examination

Since 2018, the NMBA, with the assistance of University of New Mexico’s Anderson School of Management, has undertaken an annual internship program, allowing college graduates to get a foot in the door in the banking industry, supplying them with valuable experience and allowing prospective employers a chance to work with potential employees in a hands-on setting.

Executive Vice President’s Message: How to Create and Maintain an Effective Internship Program

A Personal and Overall Examination

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Introducing 2024‑25 NMBA President Kyle Beasley

I started in banking somewhat by chance and somewhat out of necessity. I got married during my senior year at Texas A&M, and my new wife (now 41 years in!) thought I needed a job so we could eat from time to time. University National Bank hired me as a drive-in teller, and during my time there, I became intrigued by the loan officers behind the desks in the lobby.

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