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To learn more, visit our newly-launched website: http://www.akoubacredit.com
We just completed our NCUA audit and it was recommended that we create a "Remote Access Approval form" and Checklists for when staff change positions. Does anyone have something they would be willing to share?
Each year MST, now Abrigo, has been implementing an allowance survey. This year we’re asking about your progress in the CECL transition, how you are preparing and what you are determining in terms of how CECL will impact your institution. As always, we’ll compile answers and share the results so you can compare what you are doing with your peers. We encourage you to participate. As a token of our appreciation, you will have the chance to win a $300 Yeti cooler or a Bluetooth speaker.
We wish you a productive and profitable 2019!
Take the survey: https://www.surveymonkey.com/r/J236LTW
CECL is in the news a LOT now that we're less than a year out from the transition. Robert Ashbaugh and Chris Emery are making sure your financial institution understands all of the recent changes and the ways that those changes and proposals might affect your institution's CECL implementation. Tune in for our free webinar in two weeks -- get registered here: http://bit.ly/2GrF1mr
2019 is here, and for SEC-filing financial institutions, that means CECL compliance. See why this year is so critical - and how your FI can make a practical transition in this complimentary webinar: https://lnkd.in/eKwfUSi
Does anyone have an E-Commerce Policy they can share this would be for Treasury Services or Business Services activities outside of Wire and ACH activities. NCUA is asking us to establish an E-Commerce Policy for our Credit Union.
For those who are currently building out their CECL models, did your results not match your expectations? Are you confused on what to do next?
Join us on Monday, December 10th from 1:30-2:30 p.m. ET. for an interactive walkthrough of common modeling problems and questions. Common questions include:
Sageworks risk management consultants Brandon Quinones and Danny Sharman will answer these questions and discuss how results can be interpreted and pivoted to other approaches that may provide more transparent outcomes.
Register now: https://web.sageworks.com/interpreting-cecl-results/
Does anyone know how much involvement credit unions are allowed to have with local Community Redevelopment Agencies? Thanks,
As institutions approach the transition from the incurred loss model to the current expected credit loss model for estimating the ALLL, there are many questions around the subjective aspects of the new standard. This session will look at the relationship between qualitative adjustments and “reasonable and supportable” forecasts under CECL estimates and key considerations for how institutions will apply them.
Join to learn about:
Register now >> http://bit.ly/2yLhFTB
Time: 10/10 2:00-3:30 p.m. ET
Worth one CPE credit
The transition to the FASB’s CECL accounting standard is well underway for many financial institutions. In this panel discussion, hear from a banker, three auditors and two consultants from Sageworks, MST, Grant Thornton, BKD, Camden National Bank and PWC who are helping thousands of institutions through this critical change.
They’ll discuss how CECL has influenced everything — implementation, validation, organizational changes and more, while addressing your top concerns and questions.
Register now: http://bit.ly/2oN421G
I'm looking for a credit union using RouteOne or DealerTrack for indirect lending. We're currently using CUDL and are considering making a switch. We also want to continue with automatic decisioning through either platform. Can anyone speak to their successes with either platform? Thanks!!
As CECL is approaching, financial institutions are evaluating vendors to help them automate their allowance processes. From methodology selection, economic forecasting and proper loan pool segmentation, manual calculations will be more difficult to implement under CECL as credit losses need to be predicted over the life of the loan.
Join to learn:
Register now: http://bit.ly/2xJk29M
Would any credit unions be willing to share their credit risk rating criteria for commercial (non-ag) and C&D loans?
CECL presents institutions with new guidance for measurement of the ALLL. While initially daunting, the transition exercise is, fundamentally, a project management problem; there exists a specific set of activities that, if performed correctly and thoughtfully, will reduce a compliant and defensible estimate of credit losses over the life of a financial asset or pool of financial assets.
The documentation of that set of activities is the purpose of this Practical CECL™ Transition Guide: a series of 9 whitepapers to better assist with your transition.
Download now: http://bit.ly/2xQ1XGq
Complimentary Group Demo: September 20th, 2:00 – 3:00 p.m. ET
In August, Sageworks launched one of their newest products, “Insights”, to help leaders leverage loan portfolio data in new and meaningful ways. Lack of and limited access to bank-wide data, accompanied by time-consuming analysis, can hurt leadership’s ability to make well-informed, timely decisions. In this complimentary group demonstration, we aim to show how our newest offering can help bridge that gap.
Join to learn:
This is question probably geared more toward federal credit unions - I'm looking to see if anyone has a "loans to officials" worksheet that is used when making loans to volunteers that is completed and forwarded to the Board (or volunteer loan review committee) for approval. Ours is from 2010 and we're looking to "build a better mousetrap". Thanks!
The transition to the FASB’s CECL accounting standard is well underway for many financial institutions. In this panel discussion, hear from a banker, three auditors and two consultants from Sageworks, MST, Grant Thornton, BKD and PWC who are helping thousands of institutions through this critical change.
They’ll discuss how CECL has influenced everything — implementation, validation, organizational changes and more while addressing your top concerns and questions.
Register now: https://web.sageworks.com/cecl-webinar-panel/
Hello! We currently use a company for our subprime collateralized loans that picks up 80% of the deficiency balance owed after repossession. This program is expensive so we want to create a program ourselves. Is anyone else doing this already? If so, would you please share how you do it?