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. 2010-2023: 137.3% Financial institutions should get ready now. 2004-2008: 82.6%

Credit Unions 78

Credit Unions Credit Risk Small Businesses 78

Abrigo

DECEMBER 16, 2019

All eyes will be on the large SEC registrants in January as they become the first financial institutions to adopt the current expected credit loss model , or CECL. Even now, however, banks and credit unions with 2023 deadlines are seeking information about what the earliest adopters have learned so far in their implementation efforts.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Credit Unions 60

Credit Unions Credit Risk 60

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

Excel tips blogger Debra Dalgleish on her Spreadsheet Day blog claims credit for starting the holiday in 2010 after realizing that despite plenty of other obscure holidays like Pickle Day and Pi Day, there was no designated day to celebrate Excel and other spreadsheets people use in their everyday lives. Credit Risk.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

SEPTEMBER 20, 2021

Takeaway 1 The CFPB's proposed rule applies to any lender with 25 or more covered transactions and many types of credits. . Takeaway 2 Banks, credit unions, and other creditors would be required to collect more than 20 data points for each application. This is much wider than just banks and credit unions,” Lucci said.

Small Businesses 78

Small Businesses Credit and Collections Credit Unions Credit Risk 78

Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Credit Risk Management.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk CECL 78