Abrigo

JULY 14, 2023

Leapfrog competition, reduce risk How to develop banking strategies using your data Everywhere bank and credit union leaders look, it seems, someone is talking about how financial institutions should leverage their data and analytics to develop strategies for leapfrogging competition and reducing risk. Learn more about Abrigo Connect.

Credit Unions 78

Credit Unions CECL Dashboards Revenue Recognition 78

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. You might also like this webinar, "Conquering CECL model validation: Prepare for success."

CECL 78

CECL Credit Unions Default 78

Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. Progress on CECL.

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

JULY 28, 2017

In a recent webinar for credit union executives, Danny Sharman a risk management consultant with Sageworks addressed loan data for these institutions, especially as they look toward the currect expected credit loss model (CECL) that will be required for the allowance for loan and lease losses (ALLL).

Credit Unions 60

Credit Unions CECL Credit and Collections 60

Abrigo

FEBRUARY 11, 2022

Firm deadline for CECL implementation set As expected, the FASB agreed to uphold CECL’s 2023 implementation date. You might also like " CECL Streamlined: A Webinar Series for 2023 Adopters". Takeaway 1 The FASB agreed to uphold the 2023 implementation date for those that haven’t yet adopted the CECL standard.

CECL 78

CECL Credit Unions Credit and Collections 78

Abrigo

AUGUST 23, 2017

“When considering member business lending and the consumer portfolio where many credit unions focus, change management to prepare for CECL can be even more difficult with a credit union,” says Danny Sharman, risk management consultant at Sageworks during a recent CECL webinar – Data Quality for Credit Unions.

Credit Unions 60

Credit Unions CECL Credit and Collections 60

Abrigo

JANUARY 27, 2020

Key Takeaways Make sure your credit union is filing SARs and CTRs properly. Strengthen credit risk by improving your credit union's loan underwriting standards. We made important strides in 2019 towards updating regulations, easing burdens on credit unions, as well as modernizing our examination process.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Abrigo

JUNE 11, 2021

Because the size and complexity of banks and credit unions can vary, the processes and systems used to measure interest rate risk in order to assess exposures relative to an institution’s established risk tolerances can also differ dramatically. Portfolio Risk & CECL. CECL Models. Credit Risk Management.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

OCTOBER 7, 2021

Should Institutions Build or Buy a CECL Solution? Regardless of whether financial institutions choose to stay in-house or outsource their CECL solution, they have four important considerations to make. You might also like this bundle of whitepapers on how to prepare for CECL. Preparing for CECL.

CECL 78

CECL Credit Unions 78

Abrigo

JULY 12, 2021

Q Factors under CECL and How They Will Compare Understanding the quantitative side of the CECL calculation is the start to applying qualitative adjustments under CECL. Would you like other articles on CECL and Q Factors in your inbox? Popular CECL Topic. What will happen to Q factors?'. You’re not alone.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

SEPTEMBER 14, 2017

Many financial institutions have yet to begin in earnest their preparations for transitioning to the current expected credit model (CECL), a recent poll by Sageworks suggests. This suggests that many institutions have yet to begin their preparations for CECL in earnest.”

Credit Unions 60

Credit Unions CECL 60

Abrigo

JUNE 19, 2022

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined."

CECL 78

CECL Credit Unions 78

Abrigo

JUNE 3, 2016

The Financial Accounting Standards Board’s (FASB) long-awaited final guidance on its new standard for measuring expected credit losses is expected to be released in June, a step that will be a major milestone in the multi-year development of the current expected credit loss (CECL) model. It is available by replay here.

Credit Unions 68

Credit Unions CECL Credit and Collections Accounting Firms 68

Abrigo

SEPTEMBER 13, 2017

In the recent Sageworks webinar “Actionable Steps to Prepare for CECL Today,” Neekis Hammond and Jared Mills, advisory services consultants at Sageworks, discuss five actionable steps credit unions can take to prepare for the upcoming CECL regulation. That data may be important for migration and vintage techniques.”

Credit Unions 60

Credit Unions CECL Credit Scoring 60

Abrigo

DECEMBER 27, 2022

Lending & Credit Risk. Portfolio Risk & CECL. The post 2023 Fraud trends: What banks and credit unions can expect appeared first on Abrigo. Technology adoption: The “people” side of change. Learn More. Whitepaper. Fraud Prevention. Learn More.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Would you like other articles like this in your inbox? Is the above scenario another pandemic akin to our recent COVID experience?

Credit Unions 88

Credit Unions CECL Default Credit Risk 88

Abrigo

DECEMBER 16, 2019

Key Takeaways An SEC filer with a 2020 CECL deadline recommends starting ASAP on implementation -- even if your deadline is 2023. All eyes will be on the large SEC registrants in January as they become the first financial institutions to adopt the current expected credit loss model , or CECL. Transition to CECL with confidence.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

NOVEMBER 7, 2019

CECL | 7 minute read Key Takeaways Balancing the scales: the FASB's cost-benefit an alysis of CECL. Strategies to lessen the impact of CECL on smaller community banks. During the presentation, Schroeder addressed many CECL questions, shedding light on the nuances of the standard. Now that's big. Learn More.

CECL 60

CECL Credit Unions Small Businesses 60

Abrigo

AUGUST 12, 2020

Key Takeaways The coronavirus pandemic has upended financial institutions' long-term business strategies, but now FIs have an opportunity to consider how consolidation can create greater efficiencies and better results – especially in the area of CECL and valuation calculations. Misconceptions of relating valuation calculations and CECL.

CECL 78

CECL Credit Unions Default Credit Risk 78

Abrigo

AUGUST 12, 2020

Key Takeaways The coronavirus pandemic has upended financial institutions' long-term business strategies, but now FIs have an opportunity to consider how consolidation can create greater efficiencies and better results – especially in the area of CECL and valuation calculations. Misconceptions of relating valuation calculations and CECL.

CECL 78

CECL Credit Unions Default Credit Risk 78

Abrigo

AUGUST 12, 2020

Key Takeaways The coronavirus pandemic has upended financial institutions' long-term business strategies, but now FIs have an opportunity to consider how consolidation can create greater efficiencies and better results – especially in the area of CECL and valuation calculations. Misconceptions of relating valuation calculations and CECL.

CECL 78

CECL Credit Unions Credit Risk Default 78

Abrigo

FEBRUARY 14, 2024

Manage credit losses Monitoring risk changes in CRE loan portfolios The commercial real estate (CRE) landscape is in constant flux, but in recent months, several indicators signal shifts in risk and opportunity for financial institutions.

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

AUGUST 1, 2017

In order to prepare for FASB’s Current Expected Credit Loss (CECL) model, credit unions are currently relying on different methods to collect and store data. Limited Data Collection Method In this method, credit unions leverage core system(s) to capture data.

Credit Unions 60

Credit Unions CECL Credit and Collections 60

Abrigo

JUNE 4, 2019

The Financial Accounting Standards Board’s new current expected credit loss (CECL) standard, known as one of the biggest changes to bank accounting. Because of the complexities and changes that CECL brings, there are many questions surrounding implementation, potential effects, and more. When does the CECL standard take place?

CECL 74

CECL Credit and Collections Credit Unions Default 74

Abrigo

JANUARY 30, 2024

Takeaway 3 ThinkBIG conference sessions can help bank and credit union professionals earn required credits for continuing education. Consistently rated a top industry event by attendees, ThinkBIG brought together 650 people from banks, credit unions, and partners in 2023.

Credit Unions 78

Credit Unions CECL Credit Risk Cybersecurity 78

Abrigo

SEPTEMBER 1, 2020

SBA loan programs may provide a way to restructure existing loans for some current clients while ensuring greater portfolio stability for the bank or credit union. In addition, banks and credit unions can sell the guaranteed portion of SBA loans they make on the secondary market yet retain servicing rights and some fees.

Credit Unions 78

Credit Unions Credit Risk CECL Small Businesses 78

Abrigo

DECEMBER 31, 2019

Key Takeaways Risk management practices were on the minds of bankers in 2019 Some of the most popular blog posts of 2019 were about stress testing and CECL. Concerns over an economic slowdown and the transition to the current expected credit loss model, or CECL, put risk management practices on the minds of many bankers.

CECL 60

CECL Credit Unions Credit Risk Default 60

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Abrigo's blog covered these and other subjects in 35 credit and lending-specific posts this year.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . Takeaway 1 Models are relied upon to answer financial reporting and decision-making questions, including CECL reporting and budgeting. Validation teams.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

AUGUST 2, 2023

CRE credit risk is in the spotlight A structured approach to assessing commercial real estate risk helps banks and credit unions address inquiries about the health of CRE loans. You might also like this on-demand webinar, "Stress testing & CECL efficiencies." Wells Fargo & Co.

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

JULY 17, 2019

Small public banks, privately held banks, and credit unions will get extra time to get CECL right, based on a move by the Financial Accounting Standards Board Wednesday. Securities and Exchange Commission filers until January 2023 for CECL implementation. More time for better CECL implementation.

CECL 60

CECL Credit Unions 60

Abrigo

FEBRUARY 16, 2024

Assess and control key risk areas with an effective credit policy. Get details in "A guide to implementing credit policy." Specialization for portfolio concentrations: For banks and credit unions with heavy portfolio concentrations, consider assigning specialized analysts to handle more complicated deals within those concentrations.

Credit Risk 78

Credit Risk CECL Credit Unions 78

Abrigo

OCTOBER 31, 2019

CECL | 6 minute read Key Takeaways The FASB affirmed plans to extend deadlines for CECL implementation; a final vote is expected in November. The current expected credit loss, or CECL, effective dates have been extended for all but the larger SEC filing institutions, correct? CECL workshops underway.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

JANUARY 1, 2016

Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. The GAO report, released on December 30th, examined nine Dodd-Frank rules that became effective as of October 2015 for impact on community banks and credit unions.

Credit Unions 60

Credit Unions CECL 60

Abrigo

OCTOBER 10, 2023

Takeaway 3 Industry analysis can strengthen your bank or credit union's credit risk rating system and help you offer products to meet customers' needs. By analyzing current industry trends, you could more confidently point your bank or credit union in a new direction and possibly save it from investing in a poor market.

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Abrigo

APRIL 25, 2024

Takeaway 3 With lower interest rates nowhere in sight, lenders need to monitor and adjust lending and underwriting strategies based on their own institution’s credit risk profile. Banks and credit unions that do not evolve their lending capabilities face higher operating expenses and are at higher risk of suffering increasing loss rates.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Abrigo

AUGUST 30, 2017

The changes inherent in the shift from FASB’s incurred model to the current expected credit loss model (CECL) present many challenges for financial institutions and accounting professionals alike. To learn more about transitioning to and executing a CECL model check out this recent webinar – CECL Transition Planning and Execution.

CECL 60

CECL Credit Unions 60