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The 2023 NCUA supervisory priorities: Takeaways for credit unions implementing CECL

Abrigo

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.

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2020 Goals for Credit Unions Based on NCUA Supervisory Priorities

Abrigo

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. Be proactive in cybersecurity controls and implement best practices. . The new year often brings a time of reflection and goal setting.

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Data-driven strategies for banks and credit unions: Start here

Abrigo

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.

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

How banks and credit unions use genAI today Short supporting copy. Credit unions are jumping in too. Banks and credit unions want to serve their clients better and improve their services and products. For example, banks and credit unions must comply with strict data privacy laws.

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2023 Fraud trends: What banks and credit unions can expect

Abrigo

Financial Cybersecurity. Banking cybersecurity & cybercrime: Protecting banking customers starts with you. Lending & Credit Risk. Portfolio Risk & CECL. The post 2023 Fraud trends: What banks and credit unions can expect appeared first on Abrigo. Keep me informed. Whitepaper. Financial Crime.

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5 reasons your financial institution should attend the ThinkBIG 2024 conference

Abrigo

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.

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What is a Loan Origination System (LOS)?

Abrigo

Takeaway 2 Once a bank or credit union understands the need for an LOS, it develop one or use a third-party vendor. A loan origination system (LOS) has become a common banking buzzword among banks and credit unions in recent years. It’s also important to understand how an LOS may be able to help your bank or credit union.