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ALM rebalancing act February 4, 2021 by Richard H. Gamble, CU Management Credit unions are moving through 2021 with skewed balance sheets, asset/liability mismatches and pinched net worth after the turbulent and disruptive but survivable hurricane called 2020. The experience varied from CU to CU, from state to state and even from month to month. That mixture of good and bad months added up to a pretty decent 2020 financially for $715 million 4Front Credit Union, Traverse City, Michigan, according to CUES member Karl Pagel, SVP/finance. “In the spring, a lot of economic activity had pretty much shut down,” he details. “By late summer, we could barely keep up with loan demand. By December, things were relatively calm.” ....