Abrigo

MARCH 31, 2023

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.

Credit Unions 78

Credit Unions CECL Credit Risk Credit and Collections 78

Abrigo

AUGUST 29, 2022

E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Lending & Credit Risk. How to implement consistent credit risk pricing. Lending & Credit Risk.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections 78

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.

Credit Unions 78

Credit Unions CECL Dashboards Revenue Recognition 78

Abrigo

AUGUST 29, 2022

Credit risk pricing Maintaining consistency in credit risk pricing can be broken down into three important factors. Takeaway 1 Risk rating using multi-factor contributions is key to building a strong credit risk pricing model. Learn more about credit risk in, "Commercial risk rating considerations.".

Credit Risk 78

Credit Risk Credit Unions Default Small Businesses 78

Abrigo

AUGUST 28, 2022

Develop a credit risk rating system. Having an internally developed risk rating system is common. Credit risk rating. For banks and credit unions, a popular tool to monitor credit risk is a standardized risk rating system, which can serve several purposes. Start with the basics.

Credit Risk 78

Credit Risk Credit Unions Bankruptcy 78

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. 2020 Interagency Guidance.

Credit Risk 78

Credit Risk Credit Unions CECL Credit and Collections 78

Abrigo

JUNE 28, 2023

They wear many hats, especially in smaller community banks and credit unions. Why regular reports matter Board reporting on AML compliance activities BSA Officers have a lot of responsibilities. One essential obligation of BSA Officers is reporting to the board of directors.

Credit Unions 78

Credit Unions Dashboards Credit Risk Transactions 78

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

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services.

Credit Unions 78

Credit Unions Credit and Collections Credit Risk Small Businesses 78

Abrigo

JULY 20, 2021

In a recent survey of more than 250 bankers representing banks and credit unions, 61% of respondents said their financial institution plans to maintain or increase SBA lending this year and beyond. One requirement of many SBA loans is that the business is otherwise unable to access credit on reasonable terms and conditions.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Abrigo

SEPTEMBER 22, 2021

Boards, shareholders, and auditors alike will want to know CECL’s impact and how the bank or credit union has determined the impact of the expected loss model. Banks and credit unions have latitude on exactly what to say in these disclosures, so it’s been a learning curve so far among those that have made the CECL transition.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. Economic downturns alter the credit memo's content and process to capture credit risk. Mitigate credit risk and drive growth – even in a recession.

Credit Risk 78

Credit Risk CECL Credit Unions Default 78

Abrigo

MARCH 17, 2022

But small banks and credit unions can benefit from the stress test scenarios, too. Takeaway 1 The 2022 stress test scenarios released by banking regulators for DFAST institutions can help smaller banks and credit unions analyze the potential impact of adverse outcomes. Portfolio Risk & CECL. Related Subhead.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

JULY 20, 2021

In a recent survey of more than 250 bankers representing banks and credit unions, 61% of respondents said their financial institution plans to maintain or increase SBA loan origination this year and beyond. Lending & Credit Risk. 5 Reasons to Increase SBA Loan Origination at Your Bank or Credit Union.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Abrigo

JUNE 11, 2021

“Because depositors can withdraw these funds at will, bank expectations related to the stability of these deposits will be crucial to effective interest rate risk management.” How to Measure Interest Rate Risk Effectively in Banks & Credit Unions. Credit Risk Management. Portfolio Risk & CECL.

Credit Unions 78

Credit Unions CECL Credit Risk 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. Implications SMBs and financial institutions can both take several actions to improve their positions in this environment.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

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. Fraud Prevention. 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

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. “SBA

Credit Unions 78

Credit Unions Credit Risk Small Businesses Transactions 78

Abrigo

DECEMBER 31, 2019

Key Takeaways The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2019. The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Credit Risk. learn more.

Credit Risk 60

Credit Risk Credit Unions Small Businesses 60

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. “SBA

Credit Unions 78

Credit Unions Credit Risk CECL Small Businesses 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

JULY 6, 2017

It’s been more than six months since the National Credit Union Administration (NCUA) issued its revised member business lending (MBL) rule in January 2017. However, instead of broadly issuing regulatory requirements, the NCUA offers credit unions flexibility in establishing their own policies and program controls.

Credit Unions 68

Credit Unions Credit Risk 68

Abrigo

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. You might also like this webinar on credit department housekeeping. CRE credit than big banks, according to J.P. Small banks have 4.4

Credit Unions 88

Credit Unions Credit Risk Insurance Companies Small Businesses 88

Abrigo

DECEMBER 28, 2023

Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes. It’s no wonder, then, that informational sources on asset/liability management (ALM) and portfolio risk were a significant focus of banks and credit unions.

CECL 88

CECL Credit Unions Credit Risk Transactions 88

Abrigo

FEBRUARY 16, 2024

Preparing your credit administration for the next cycle Financial institutions should consider these tips for maintaining an efficient credit process throughout the year. You might also like these on-demand webinars tackling common credit risk questions. Assess and control key risk areas with an effective credit policy.

Credit Risk 78

Credit Risk CECL Credit Unions 78

Abrigo

NOVEMBER 17, 2023

At many banks and credit unions, the way lenders and underwriters have handled loans is basically unchanged from decades ago. Frustrating processes tied to credit requests and slow loan decisions are among borrowers’ biggest complaints about banks and credit unions compared to online or alternative lenders.

Credit Unions 88

Credit Unions CECL Credit Risk Credit and Collections 88

Abrigo

SEPTEMBER 7, 2023

Takeaway 3 Consider five examples of lender dashboards to improve workflow efficiency and monitor credit risks. Banking intellligence Accessing lending/credit data for insights In the world of lending, where fortune favors the informed, one of a financial institution’s most crucial assets is the data at its disposal.

Dashboards 78

Dashboards Credit Unions Credit Risk CECL 78

Abrigo

NOVEMBER 12, 2023

Support credit risk management Understanding loan covenants, when financial institutions should use them, and how to monitor them supports strong lending portfolios and credit risk management best practices. Takeaway 2 Capital, performance, and administrative covenants are common with business loans.

Credit Risk 88

Credit Risk Credit Unions Default CECL 88

Abrigo

MAY 2, 2024

Introduction Small business lending for banks & credit unions Small businesses play a crucial role in our economy, and one of the key factors in their success is access to funding. This policy serves as a set of guidelines that outline the rules and expectations for the credit function within the bank or credit union.

Small Businesses 78

Small Businesses Credit Risk Credit Unions CECL 78

Abrigo

DECEMBER 22, 2023

Takeaway 3 Updates on interest rate forecasting and best practices for managing CRE risk were among the most-read blogs. So how can banks and credit unions quickly spot warning signs so they can act during volatile economic, industry, and institutional conditions? The FASB’s description of proposed changes can be found here.

CECL 88

CECL Credit Unions Default Credit Risk 88

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times."

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Abrigo

MAY 31, 2017

In a recent article from Credit Union Insights , Frank Koechlein discusses the need for credit unions to grow into their analytical solutions. Antidotal evidence indicates that only 20% of all credit union analytic solutions are still in place after 5 years.”

Credit Unions 60

Credit Unions Credit Risk 60

Abrigo

OCTOBER 10, 2023

Recent trends highlight four critical areas that banks and credit unions can evaluate to gauge the efficiency of their loan review departments: staffing, collaboration practices, job responsibilities, and talent development.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 10, 2023

Recent trends highlight four critical areas that banks and credit unions can evaluate to gauge the efficiency of their loan review departments: staffing, collaboration practices, job responsibilities, and talent development.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

JUNE 13, 2019

Business borrowers really like credit unions – when they use them. In fact, credit unions have some of the highest business-borrower satisfaction rates among all types of lenders, according to the Federal Reserve’s latest Small Business Credit Survey. Credit unions in fiscal 2018 originated just 1.2%

Credit Unions 60

Credit Unions Small Businesses Credit Risk 60

Abrigo

MARCH 14, 2024

You might also like this SMB Lending Insights report for banks and credit unions Download report Takeaway 1 Banks need to implement customer retention strategies to keep their valuable customers, not just attract new ones. Follow this guide for strategies to stay competitive. Read the buyer's guide to lending solutions.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 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