TOPIC: Credit Union

Whitepaper: How Digital Lending Solutions for SMBs Can Increase Efficiency and Maximize Profitability

When considering the viability of the small business lending market, banks and credit unions often struggle to deliver these all-important loans quickly, conveniently and profitably. Among the hurdles are legacy core technology limitations, budget shortages and regulatory concerns. Our latest whitepaper addresses these hurdles and provides recommendations for institutions not only to navigate the barriers, but also to implement a digital lending solution for increased efficiency and maximized profitability.  

To learn more, visit our newly-launched website: http://www.akoubacredit.com

    2019 CECL Survey - Chance to win a $300 Yeti cooler!

    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

      Having trouble keeping up with all these CECL updates?

      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

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        Webinar: Interpreting CECL Modeling Results

        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:

        • What happens if I don’t have enough loan-level historical data?
        • What do I do if my results are zero?
        • Are there shortcuts for anticipating when certain approaches won’t work before building models to test?

        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/

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          Complimentary Webinar: Qualitative Adjustments and Forecasts Under the CECL Model

          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:

          • Key differences between qualitative adjustments and “reasonable and supportable” forecasts and the role each will play in estimating the allowance under CECL.
          • How qualitative adjustments are used in estimating today’s allowance and how this might change under CECL
          • Different approaches to apply forecasts within CECL calculations.
          • Sourcing and documentation of forecasts and data for supporting qualitative adjustments.

          Register now >> http://bit.ly/2yLhFTB

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            Last chance to register: CECL webinar panel TODAY!

            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

              Indirect Lending

              Manager at a credit_union ($428MUSA)

              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!!

                1 day left: Learn automated methodology calculations, loan segmentation and more

                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:

                • Best practices that every institution can apply during their CECL preparation process
                • The importance of choosing the right methodology from data on-hand
                • How to optimize loan pool segmentation and economic forecasting
                • Ways the Sageworks ALLL software solution creates a seamless CECL transition

                Register now: http://bit.ly/2xJk29M

                  Complimentary CECL Practical Transition Guide

                  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

                    Learn how to unlock actionable risk insights

                    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:

                    • How to perform simulations of the loan portfolio in order to inform financial statement impact for budgeting purposes
                    • How Insights can help as part of Dodd Frank Act Stress Test preparation (or stress testing under CECL, more broadly)
                    • How to set up scenarios to view how the portfolio would respond with various assumptions
                    • Using the Acquisition Analyzer as part of potential acquisition due diligence
                    • How Segment Insights can be leveraged for board & concentration reporting
                    • Potential Roadmap for continued development

                    Learn more: https://web.sageworks.com/cbanc-sageworks-insights-demo

                      Credit Union - Loans to Officials Worksheet

                      Manager at a credit_union ($1.7BUSA)

                      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!

                        CECL Webinar Panel: Answers to your top questions

                        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/

                          Default Insurance Program

                          Manager at a credit_union ($59MUSA)

                          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?