SMB Commercial Lending

FEBRUARY 1, 2023

In 2022, for small business owners seeking commercial loans there was little to no growth in lending approval percentages. Here are the statistics on lending approval percentages from the end of 2022. Here are the statistics on lending approval percentages from the end of 2022. Credit Unions, 20.2% Small Banks, 21.2%

Small Businesses 98

Small Businesses Credit Unions 98

Abrigo

MARCH 31, 2023

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.

Credit Unions 78

Credit Unions CECL Credit Risk Credit and Collections 78

Abrigo

JUNE 5, 2023

Takeaway 3 Banking intelligence that's purpose-built for banks and credit unions combines analytics and intuititve dashboards. How can banks and credit unions quickly spot warning signs so they can act during volatile economic, industry, and institutional conditions?

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Abrigo

JUNE 26, 2019

While credit unions have some additional runway after the November 2018 CECL delay, there is likely less time than expected. If you’ve kind of been dragging your feet on this, now is the time,” said Brandon Quinones, Manager of Credit Consulting. The time is now to ensure you are ready for January 1, 2022.”.

Credit Unions 60

Credit Unions CECL 60

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Financial institutions should not expect a slowdown of any of 2022’s fraud trends. The post 2023 Fraud trends: What banks and credit unions can expect appeared first on Abrigo.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

Credit Unions 78

Credit Unions Cybersecurity Transactions 78

Abrigo

FEBRUARY 25, 2022

What to watch for in 2022 Expect these eight BSA /AML regulatory topics to see changes in 2022 and start preparing now to help your institution s tay up to date. Eight topics that could see change in 2022. You might also like this webinar on BSA/AML regulatory hot topics. What to Watch.

Credit Unions 78

Credit Unions Credit and Collections Cybersecurity 78

Abrigo

DECEMBER 23, 2022

Blog posts to help your asset/liability management (ALM) staff strategize for the future These ALM posts were the most popular in 2022. Navigating a rising-rate environment, leveraging core deposit strategies, and pricing loans effectively were top of mind for asset/liability management (ALM) staff in 2022. Lending & Credit Risk.

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

MAY 20, 2022

Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. As a result, we compiled these fraud concerns and trends to watch in 2022. . would be their institution's highest priority in the new year (2022). Starting Point.

Cybersecurity 78

Cybersecurity Credit Unions Transactions 78

Abrigo

DECEMBER 17, 2021

Prepare for Future Staffing Needs Now As we transition to 2022, now is the perfect time to analyze current staffing levels at your financial institution. . Moving into 2022 may be a n excellent time to analyze current staffing levels and the associated risks of losing valuable members of your team. Understanding importance.

Credit Unions 78

Credit Unions Transactions 78

Abrigo

JUNE 8, 2022

Now that we’ve turned the corner to June, the countdown begins to World Elder Abuse Awareness Day 2022. Banks and credit unions can take a proactive approach to stop this cruel and dehumanizing crime before it becomes life-changing for the victims. Elder Abuse Awareness Day 2022: Red Flags for BSA/AML Staff. Learn More.

Credit Unions 78

Credit Unions Transactions 78

Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Would you like other articles like this in your inbox? From crypto to cannabis.

Credit Unions 78

Credit Unions 78

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Regulatory Focuses in 2022. An NBFI AML program can be lighter than a full-service traditional bank or credit union program.

Credit Unions 78

Credit Unions Transactions 78

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results."

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

Abrigo

FEBRUARY 6, 2024

Takeaway 3 Banks and credit unions should leverage new tools to improve check fraud prevention that can ease the burden on their staff and safeguard customers. Check fraud cost banks approximately $6 per check processed in 2022, according to a n estimate from SouthState Bank’s correspondent division.

Credit Unions 88

Credit Unions Transactions 88

Abrigo

NOVEMBER 9, 2022

Takeaway 1 10% of banks and credit unions have completed CECL adoption, according to Abrigo's CECL implementation survey. With just weeks left to complete CECL implementation, how are banks and credit unions doing? What are their biggest challenges with the current expected credit loss model?

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

DECEMBER 2, 2021

Takeaway 1 Some financial institutions have a budget surplus this time of year, and these funds can be spent now to help growth in 2022. Takeaway 3 Signing up for 2022 conferences is another smart use of surplus budget funds, because some events are offering early-bird discounts. Streamline and systematize loan review for 2022.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 78

Abrigo

MARCH 21, 2023

Takeaway 2 Some banks and credit unions were late movers and are now scrambling to lock in funding for the short term to meet liquidity and capital needs. 4.75% over the course of 2022 and 2023. 4.75% over the course of 2022 and 2023. 1, 2022, to the current day. Specifically, Q1 2022 volume averaged $72.27

Credit Unions 78

Credit Unions CECL Credit and Collections Credit Risk 78

Abrigo

JANUARY 25, 2022

Change Management Helps Financial Institutions with Digitalization Bank and credit union executives who manage the people side of digital transformation have more success. . That has top bank and credit union leaders looking to continue the advances in digitalization that have helped them through the pandemic.

Credit Unions 78

Credit Unions CECL Credit Risk Transactions 78

Abrigo

OCTOBER 19, 2023

Ideas for educating and promoting cybersecurity in October Cybersecurity Awareness Month is an opportunity for banks and credit unions to promote online safety and take steps to reduce cyber risks. And what does it mean for banks and credit unions? But how did Cybersecurity Awareness Month start?

Cybersecurity 88

Cybersecurity Credit Unions Transactions 88

Abrigo

MAY 30, 2023

Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. At Abrigo’s recent ThinkBIG conference, hundreds of bank and credit union staff members attended information sessions on the issue. But compliance deadlines are tiered.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Abrigo

DECEMBER 22, 2023

Abrigo's top AML/CFT articles The FinCrime blogs banks and credit unions are reading Cannabis legislation, check fraud, and exam-proof best practices are hot topics that anti-money laundering/countering the financing of terrorism (AML/CFT) and fraud professionals will be tracking in the coming months.

Credit Unions 88

Credit Unions Cybersecurity 88

Abrigo

DECEMBER 17, 2021

It’s been nearly two years since the coronavirus pandemic began, and many banks and credit unions have undergone a significant digital transformation in response. What customer service feature could we add to get an edge over other banks or credit unions? Start at the Top. Build a culture of innovation.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 10, 2023

Last year's 2022 Loan Review Survey by Abrigo found these four common challenges in effective loan review. Recent trends highlight four critical areas that banks and credit unions can evaluate to gauge the efficiency of their loan review departments: staffing, collaboration practices, job responsibilities, and talent development.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 10, 2023

Last year's 2022 Loan Review Survey by Abrigo found these four common challenges in effective loan review. Recent trends highlight four critical areas that banks and credit unions can evaluate to gauge the efficiency of their loan review departments: staffing, collaboration practices, job responsibilities, and talent development.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . Takeaway 1 Many banks and credit unions want to win more business loans but will face higher rates and more competitors.

Transactions 78

Transactions Credit Unions Credit Risk Small Businesses 78

Abrigo

FEBRUARY 23, 2022

After the success community banks and credit unions had helping businesses in their local communities with lending during the pandemic , financial institutions continue to turn to small business loans as a source of portfolio growth. Streamline the Process. Loan Decisioning is Here to Stay.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Abrigo

SEPTEMBER 13, 2021

Add to this the prospect of a Fed rate hike in late 2022 or 2023, and the future looks more profitable for financial institutions. Learn more during this webinar: "Capital Planning for Banks & Credit Unions". Peer Identification for CECL and Other Credit Risk Applications. Gear up for growth. Watch Webinar.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

FEBRUARY 11, 2022

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. 15, 2022 (effectively, by January 1, 2023, for most institutions).

CECL 78

CECL Credit Unions Credit and Collections 78

Abrigo

FEBRUARY 24, 2022

In 1997, all members of the Federal Financial Institution Examination Council (FFIEC) except the National Credit Union Administration, added the “S” (Sensitivity to Market Risk) measure to the CAMELS rating to account for interest rate sensitivity within institutions. Top 5 ALM Best Practices for 2022. keep me informed.

Credit Unions 78

Credit Unions Credit Risk 78

Due

NOVEMBER 25, 2023

in June 2022. Indeed, interest rate hikes in 2022 raised the popularity of money market accounts (MMA) and high-interest savings and checking accounts. To that end, they must verify that the firm, bank, or credit union provides insurance on their deposits. It can come from the National Credit Union Administration (NCUA).

Credit Unions 87

Credit Unions Transactions Brokerages Investment Firms 87

Abrigo

FEBRUARY 22, 2024

Check fraud prevention is at the forefront for financial institutions Banks and credit unions report that check fraud is impacting their institution more than any other threat. Takeaway 3 AI and machine learning tools can help banks and credit unions reduce staff burden and increase accurate detection.

Credit Unions 78

Credit Unions Cybersecurity Transactions 78

Abrigo

DECEMBER 28, 2022

Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . Abrigo, a leading technology provider of software solutions for financial institutions, published more than 85 unique articles on its industry-focused blog in 2022.

Credit Unions 78

Credit Unions Transactions 78

Abrigo

FEBRUARY 8, 2024

Takeaway 3 Numerous resources can help banks and credit unions offer training on fraud to help customers or members recognize scams and avoid theft. Fraud losses mount Why educate bank/credit union clients on fraud? The Federal Trade Commission (FTC) reports that U.S.

Credit Unions 78

Credit Unions Transactions Small Businesses Cybersecurity 78

Abrigo

APRIL 25, 2024

Takeaway 3 With lower interest rates nowhere in sight, lenders need to monitor and adjust lending and underwriting strategies based on their own institution’s credit risk profile. Banks and credit unions that do not evolve their lending capabilities face higher operating expenses and are at higher risk of suffering increasing loss rates.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Abrigo

FEBRUARY 9, 2023

Banks and credit unions must understand regulatory expectations around what lists to scan against and the importance of doing so. This helps banks and credit unions operate an effective risk assessment and refrain from violating sanctions.

Credit Unions 78

Credit Unions 78

Abrigo

SEPTEMBER 13, 2022

All requirements of a risk-based BSA program are crucial to the safety and soundness of your institution, so what should banks and credit unions prioritize when resources are strained? Suspicious activity monitoring is the cornerstone of a strong BSA/AML reporting system. Watch Webinar. Sophisticated measures.

Transactions 78

Transactions Credit Unions Credit and Collections 78