Search: "credit risk"

CECL: Takeaways and Considerations from Recent Workshops

CECL is much more than an accounting issue and being focused only on compliance is shortsighted. The effects of CECL will transcend every area of credit unions and the implications, if they are understood, can be anticipated and prepared for. Communication with senior management is crucial to gain buy-in to these implications. C. myers has […]

Strategic Budgeting/Forecasting Questions: Linking the Appetite for Risk

The fifth entry in our 6 blog series about Strategic Budgeting/Forecasting Questions addresses the institution’s appetite for risk and how it should connect to the budget or forecast. Question 5 – How is the budget and forecasting linking to our appetite for risk? A few short months from now, every credit union will be going […]

Strategic Budgeting/Forecasting Questions: Establish Appropriate Measures of Success

The fourth entry in our 6 blog series about Strategic Budgeting/Forecasting Questions addresses measures of success, and how they should connect to the budget or forecast. Question 4 – Are our financial measures of success handcuffing the credit union strategically? There are many examples of appropriate and inappropriate measures of success as they relate to […]

Borrowing Trends are Changing…

Would you be surprised by who is actually borrowing from your credit union, or applying for loans?  A recent article in the Wall Street Journal (WSJ) noted the growing trend of baby boomers moving into their retirement years completely unprepared from a financial perspective. The article states that “people in the U.S. ages 65 to […]

Know Your Numbers: 4 Questions You Should Answer About Your Lending Experience

Interest rates may go up and interest rates may go down, but a laser focus on your member experience is essential, regardless of what interest rates do. Just about every credit union has easy access to the data needed to answer the following 4 key questions about the lending experience: Are we attracting enough of […]

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