www.marktreichel.com

https://www.linkedin.com/in/mark-treichel/

Show Notes: With Flying Colors - Interview with Mike Macchiarola of Olden Lane

Guest: Mike Macchiarola, Olden Lane (broker-dealer and investment advisor serving credit unions)

Key Topics Discussed:
- Interest Rate Environment: Impact of "higher for longer" rates on credit unions, with industry cost of funds rising to 218 basis points
- Regulatory Changes: Shift in regulatory focus under new NCUA leadership and potential Trump administration impacts
- Consolidation Trends: Record year for credit union-bank transactions (22 in 2023) and increasing branch deal activity
- Technology & AI: Growing importance of digital platforms while maintaining personal touch ("clicks and mortars")
- Profitability Challenges: Industry ROA at 64 basis points with significant variance across institutions
- Leadership Demographics: Addressing aging C-suite and board populations while attracting younger talent
- Consumer Financial Health: Rising credit card delinquencies (11%) and increasing household debt levels
- Fee Income: Evolving regulatory landscape around NSF and overdraft fees

Contact Information:
- Website: www.oldenlane.com
- LinkedIn: Mike Macchiarola
- Email: Available through contact form on Olden Lane website

Notable Quote: "If it don't make sense, it don't make dollars." - Mike Macchiarola on credit union profitability