Abrigo

DECEMBER 14, 2014

Many would point to imprudent lending standards as a leading cause of the financial crisis of 2008, and in turn, financial institution regulators have since bolstered lending standards and capital thresholds as a preventive measure against a similar crisis. Blog Bank Credit Union'

Credit Unions 89

Credit Unions Credit Scoring Default 89

Abrigo

DECEMBER 22, 2023

Abrigo's top risk management articles The risk management blogs banks and credit unions are reading Probability of default, CECL model validation, and CRE risk are hot topics that risk management and accounting professionals will be tracking in the coming months. The FASB’s description of proposed changes can be found here.

CECL 88

CECL Credit Unions Default Credit Risk 88

Abrigo

JULY 20, 2024

Commercial and industrial lending (C&I) will be the next big performance driver for banks and credit unions. DOWNLOAD Takeaway 1 If opportunities to drive bank or credit union performance are like the waves surfers seek. 2004-2008: 82.6% What will need to change for solid commercial credit analysis ?

Credit Unions 78

Credit Unions Credit Risk Small Businesses 78

Abrigo

MARCH 6, 2015

While federal regulators only require this small number of banks to be subject to these particular stress tests, as outlined in the Dodd-Frank Act following the economic crisis of 2008, stress testing is becoming a critical part of financial institutions’ risk management strategies, regardless of their asset sizes.

Credit Unions 79

Credit Unions 79

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. Improving loan grading in a recession.

Credit Risk 78

Credit Risk CECL Credit Unions Default 78

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. Some financial institutions aim to grow their bank or credit union by growing the loan portfolio.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

FEBRUARY 11, 2022

Earlier this month, the FASB considered and rejected further deferral of the CECL standard, initially issued in 2016 in response to the 2008 global financial crisis. The decision appears to mark the board’s final word on ongoing petitions from community banks and credit unions who asked for a delay or total exemption.

CECL 78

CECL Credit Unions Credit and Collections 78

Abrigo

NOVEMBER 12, 2014

The OCC’s Internal Guidance from April 2008 explains that an analysis of the guarantor’s global cash flow “should consider inflows, as well as both required and discretionary cash outflows from all activities. Blog Bank Credit Union'

Credit Unions 74

Credit Unions 74

Abrigo

AUGUST 30, 2022

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. With the right strategies and risk mitigation protocols, banks and credit unions can expand their commercial loan portfolios successfully. Knowing the why.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Abrigo

MARCH 9, 2015

billion at the end of 2014, the lowest since the end of the first quarter of 2008. percent – the highest level since the third quarter of 2008. “Problem List” hits lowest level since 2008. Blog Bank Credit Union' Reserves totaled $122.6 percent to 75.4

Credit Unions 60

Credit Unions 60

Biz2X

MARCH 24, 2025

This represents a 7% spike from the year before, and the highest level since 2008. In 2024, the Small Business Administration (SBA) supported 103,000 financings to small businesses, according to the SBA 2024 Capital Impact Report. But alternative and online lenders are taking up a greater share of the marketplace.

Small Businesses 84

Small Businesses Credit Unions Credit Scoring 84

Abrigo

NOVEMBER 14, 2014

The employees also received stock options after the institution didn’t go public in 2008. and could not qualify as a credit union. According to American Banker, perks on the bank’s campus include a gym, dog park and catered lunches every Friday. Check out the full list at americanbanker.com. Blog Bank'

Credit Unions 68

Credit Unions 68

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

Abrigo

AUGUST 4, 2017

The above question is being asked by financial managers at banks and credit unions as the implementation of the FASB’s current expected credit loss model ( CECL ) approaches. What do we do with all of these spreadsheets? So, where did the use of all of these spreadsheets (and the dependence on them) come from?

CECL 60

CECL Credit Unions Default 60

Abrigo

MARCH 20, 2015

For the largest of American financial institutions – those that much of the public banks with for checking, mortgages and auto loans – stress testing regulations have been passed and executed to avoid a repeat of 2008. banks and credit unions. Blog Bank'

Bad Debt 68

Bad Debt Credit Unions 68

tillful

APRIL 7, 2023

Although the financial crisis in 2008, followed by the high-profile collapses of Silicon Valley Bank and Signature Bank in 2023 may make it seem like the threat is very high, the likelihood of your bank going under is relatively low. What happened at SVB is different from what happened during the 2008 financial crisis.

Small Businesses 52

Small Businesses Credit Unions 52

Abrigo

APRIL 7, 2022

At recent Abrigo CECL Kickstart webinars, consultants demonstrated CECL implementation practices with an emphasis on the needs of community banks and credit unions. But generally, institutions in this position experienced an increase in reserves in the Great Recession due to risk and saw realized losses between 2008 and 2010.

CECL 78

CECL Credit Unions Default Credit Risk 78

Abrigo

OCTOBER 17, 2019

Indeed, a 2008 analysis of multiple studies found that 88 percent of spreadsheet documents audited in those contained errors. If someone changes one cell or formula, it can potentially affect others, but it isn’t always easy to detect errors.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

NOVEMBER 8, 2019

Stress testing provides banks and credit unions with a unique opportunity to better manage their institution’s financial performance. . Stress testing and risk management.

CECL 60

CECL Credit Unions Credit Risk 60

Fundera

SEPTEMBER 18, 2018

But since the economic collapse in 2008, libraries and media rental companies began to fastidiously report delinquent accounts to collection agencies, which in turn rarely fail to notify the credit bureaus. After all, whether you’re denied or approved, the inquiry will stay on your credit report for about two years.

Credit Scoring 93

Credit Scoring Small Businesses Credit and Collections Collector 93

RMAi Blog

APRIL 12, 2023

The restaurant filed a motion for judgment on the pleadings, arguing that the manager’s claims were untimely because they first accrued when BIPA went into effect in 2008, more than 10 years before the complaint was filed. However, the bill will need to be amended to exempt judgments from the bill’s scope. 14/1, et seq.

Law Firms 100

Law Firms Collector Credit and Collections Default 100

Abrigo

NOVEMBER 19, 2015

For banks that have not acquired or merged since 2008, the top reasons for not doing so were preference to grow organically (32 percent), target prices too high (16 percent) and compliance and/or regulatory issues (14 percent). • Respondents were asked which areas their bank has improved infrastructure in over the past three years.

Cybersecurity 60

Cybersecurity Credit Risk Credit Unions 60

Fundera

JUNE 13, 2018

SBA-approved lenders are most often banks or credit unions, but qualifying alternative lenders and non-profit corporations can partner up with the SBA, too. Typically, that translates into established businesses, with many years of profitability, owned by individuals with high credit scores.

Credit Scoring 74

Credit Scoring Default Small Businesses Credit Unions 74

CreditStrong for Business

JULY 25, 2024

VA Loans This type of zero money down loan is made through a credit union or bank and backed by the US Department of Veterans Affairs (VA). This type of variable interest rate was partly behind the 2008 housing market crash. What Kind of Credit Score do you Need to Buy a House with No Down Payment?

Credit Scoring 75

Credit Scoring Credit Unions 75

Pactola

JULY 11, 2023

Many of these credit unions and banks invested money into treasuries and agencies, locking rates of 10 years below 2%. The last real recession (not including COVID) we experienced was in 2007-2008. This rate was also where Fed Funds sat from 2009-2016. I believe we sit on the edge of a downturn.

Credit Unions 52

Credit Unions 52

Due

MARCH 26, 2023

Sadly, the scar of economic crises in 2004-2008 remained evident even after a decade. Certificate of Deposits Certificates of deposit (CDs) are like bonds, but banks and credit unions issue them. Also, nearly one in five employees retired before the age of 65. Others aim to retire when they turn 55.

Brokerages 80

Brokerages Deductions Credit Unions Transactions 80

Fundera

APRIL 15, 2020

Founded in 2008, Kabbage was among the first wave of online lenders. Since then, they’ve become one of the most reputable online lending platforms, and a go-to source for business owners seeking revolving lines of credit. Banks, credit unions, mortgage lenders. Adult entertainment/materials. Horoscope/fortune telling.

Credit Scoring 52

Credit Scoring Credit and Collections Nonprofit Organizations Brokerages 52

Abrigo

MARCH 13, 2023

Takeaway 3 Financial institutions can take at least five steps to ensure their risks tied to credit, interest rates, and liquidity are recognized and controlled. Clearly, every bank or credit union that has purchased securities prior to the Fed raising rates has been feeling the effect of unrealized losses on those decisions.

CECL 78

CECL Credit Risk Credit Unions 78

CreditStrong for Business

JANUARY 10, 2025

You want to open a business bank account, and the bank or credit union requires an EIN for the application. You’ve formed a new LLC with one owner that has an excise tax filing requirement for tax periods beginning on or after January 1, 2008, or an employment tax filing requirement for wages paid on or after January 1, 2009.

Nonprofit Organizations 52

Nonprofit Organizations Credit and Collections Credit Unions Bankruptcy 52