Abrigo

AUGUST 1, 2022

Takeaway 2 Even small banks or credit unions not regulated by the Federal Reserve are required to address control risks from models. Model validation results in identifying the weaknesses and limitations of a model, which may then be taken into consideration by bank or credit union management as the model outputs are utilized.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

OCTOBER 30, 2015

To help mitigate the increased credit risk, banks need to have appropriate risk management processes, including the ability to measure, monitor and control the risk, according to Curry. One area of credit risk that is concerning to the OCC is auto lending, which has been steadily growing in recent years.

Credit Risk 60

Credit Risk Credit Scoring Credit Unions 60

Abrigo

AUGUST 3, 2017

For perspective, a mere 4 banks have opened since 2011, and two of those were in 2017 alone: both International Bank of Commerce of Oklahoma City, OK, and Blue Gate Bank of Costa Mesa, CA, opened in January 2017. Learn more about how Sageworks can help banks and credit unions grow profitably and mitigate risk.

Credit Unions 60

Credit Unions Credit Risk 60

Abrigo

JUNE 17, 2015

Ritter referenced a 2011 Supervision and Regulation Letter, Supervisory Expectations for Risk Management of Agricultural Credit Risk , by the Board of Governors of the Federal Reserve System, citing four factors institutions should evaluate for proper management and control of their agriculture portfolio: 1.

Credit Unions 60

Credit Unions Credit Risk 60

Abrigo

AUGUST 20, 2015

Although loan volumes have increased steadily since 2011, recent increases have coincided with a period of declining farm income,” said a recent report from the Federal Reserve Bank of Kansas City. The Fed report said that average risk rating for all farms loans was approximately three, meaning moderate risk.

Credit Risk 60

Credit Risk Credit Unions 60

Abrigo

NOVEMBER 19, 2015

Of those surveyed, 43 percent have acquired or merged with an institution since 2011, while 41 percent have never acquired or merged with an institution. For tips on how to improve your institution’s credit culture, access the archived webinar: Instilling the Right Credit Risk Culture.

Cybersecurity 60

Cybersecurity Credit Risk Credit Unions 60

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