Ian Lampl, CEO of LoanStreet, and Galen Wilhoit, CFO of River Region Credit Union, to Discuss Balance Sheet Management Strategies
NEW YORK, NY—April 7, 2021—LoanStreet Inc. is pleased to announce that it will be hosting a live discussion with the CFO of River Region Credit Union, Galen Wilhoit, focused on how credit unions can measure, maintain, and increase balance sheet flexibility. This discussion will cover general balance sheet principles, alternatives to consider, and tactics that credit unions have successfully employed heading into the current economic environment.
Over the last decade, River Region generated average annualized asset growth of over 17% and average annualized loan growth of over 16%. This growth was accomplished concurrently with an overall capital ratio increase to 8.75% from 8.16%. During this time participated loan balances ranged from a high of 41% to as low as 5% of aggregate loan balances.
“We have some clients that mention specific one-off reasons why they sell or purchase loan participations on our platform such as diversification, liquidity management, or income generation, but some of our clients use participations as a fundamental pillar for maintaining a nimble balance sheet,” Ian Lampl, CEO of LoanStreet, said. “I’m looking forward to a very insightful discussion with Galen about his stewardship of River Region’s balance sheet for the past decade. I’m confident that all depository institutions will enjoy the discussion.”
Date: Wednesday April 21, 2021
Time: 2:00 PM to 3:00 PM Eastern Time
About LoanStreet Inc.
LoanStreet is the first fully-integrated, online platform that streamlines the process of sharing, managing, and originating loans for credit unions, banks, and direct lenders. LoanStreet was founded in 2013 with the mission to create a more efficient, transparent, and robust way of administrating loans and connecting the lending market. LoanStreet’s nationwide network of hundreds of financial institutions gives lenders the ability to profit and grow by combining technology and dedicated expertise to mitigate the constraints otherwise caused by geography, size, or concentration limits. Over 1,000 financial institutions now use LoanStreet’s software solution to successfully do business with each other and maximize the potential of their respective organizations. LoanStreet was co-founded by Ian Lampl, former Deputy Chief Counsel for TARP, following the financial crisis to meet the acute need he saw for a standardized and automated loan sharing platform.
About River Region Credit Union
River Region Credit Union (“River Region”) is headquartered in Jefferson City, Missouri and has been proudly serving its members since 1954. River Region provides membership benefits to several specific employee groups along with counties in the Mid-Missouri area.