Abrigo

OCTOBER 20, 2016

Technological innovation has enabled FinTech start-ups to compete in a field previously dominated by banks and credit unions. At the same time, early adopters of new technologies, like mega banks, are edging out community banks and credit unions in the fight for customers and creating a rapidly consolidating industry.

Credit Unions 94

Credit Unions 94

Abrigo

MARCH 31, 2025

The last thing a bank or credit union wants is to make a decision based on incorrect information. Getting to just right Credit memos play a critical role in risk management and credit decisioning. Book loans faster while managing risk. But they shouldnt be an exercise in verbosity or regulatory appeasement.

Credit Risk 78

Credit Risk Credit Unions Transactions 78

Abrigo

SEPTEMBER 30, 2016

For many banks and credit unions, it is hard to feel anything but stuck between a rock and a hard place right now. In the current market, banks and credit unions are facing pressure on all fronts. For many banks and credit unions, the way forward is loan portfolio growth.

Credit Unions 95

Credit Unions 95

Abrigo

FEBRUARY 27, 2020

At most banks and credit unions, for example, staff re-enter the same data point between 1 and 5 times. Digital technology standardizes and automates many of the tasks causing the biggest headaches and delays for lenders and credit analysts. Book more loans with a faster turnaround. Lending & Credit Risk.

Credit Unions 97

Credit Unions Credit Risk 97

Abrigo

OCTOBER 4, 2016

As the leadership teams at many banks and credit unions perfect plans to grow their loan portfolios, management can depend on several key metrics to measure the effectiveness of their plans and execution. For many smaller banks and credit unions, marketing is often put on the back burner. Take for example, Bank ABC.

Credit Unions 94

Credit Unions 94

Abrigo

DECEMBER 1, 2014

Credit unions have seen an unprecedented uptick in business-related loans in recent years, according to the Credit Union National Association’s (CUNA) U.S. Credit Union Profile. These aspects should be considered based on the types the credit union plans to fund. Blog Credit Union'

Credit Unions 74

Credit Unions 74

Abrigo

DECEMBER 19, 2019

Key Takeaways To book loans more quickly, institutions must create efficiencies and increase loan turnaround. 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.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

JUNE 18, 2020

Many credit unions’ business lending portfolios are heavily focused on commercial real estate (CRE) lending, and they recognize the need to diversify and expand their business member banking model to reduce CRE concentration risk. Credit unions should be considering how to target and engage business members post-pandemic effectively.

Credit Unions 78

Credit Unions Small Businesses Credit Risk 78

Abrigo

JUNE 7, 2017

It’s been five months since the new member business lending (MBL) rule from the NCUA went into effect in January, providing greater flexibility to credit unions offering member business loans. based strategic consulting for credit unions.

Credit Unions 60

Credit Unions Credit Risk 60

Abrigo

NOVEMBER 9, 2020

Key Takeaways Effective loan administration will protect margins and balance sheets at banks and credit unions as they handle the effects of the pandemic-induced economic crisis. As a result, some variations in processes and loan administration systems among credit unions and banks is expected. Lending & Credit Risk.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

NOVEMBER 25, 2019

There is a lot more to an effective team than the number crunching and simply moving applications along a pipeline, according to loan review and credit risk Consultant Ancin Cooley. Are there any additional areas in the credit department you would like to learn more about? Book more loans with a faster turnaround. learn more.

Credit Unions 78

Credit Unions Credit Risk 78

Abrigo

MAY 27, 2016

Credit analysts and lenders compile information like financial ratios, global cash flow analysis , the assigned risk rating, proposed loan pricing, terms of the proposal and borrower information into one, large file. Depending on the type of loan and documentation requirements, the credit memo can be up to 50-60 pages long.

Credit Unions 74

Credit Unions Credit and Collections 74

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Credit Unions 78

Credit Unions Credit Risk Small Businesses 78

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

OCTOBER 11, 2016

As discussed in a previous post, many banks and credit unions are turning to loan portfolio growth as the way forward. Very often, banks and credit unions will pass on loan applications that don’t appear to quite meet their underwriting criteria.

Credit Unions 60

Credit Unions Credit and Collections Credit Risk Small Businesses 60

Abrigo

AUGUST 29, 2022

Many banks and credit unions have adopted sophisticated risk-management practices, and their board of directors has to play an active role in ensuring that risks are well understood in overseeing risk exposure. Credit risk remains the most important risk that banks and credit unions have to monitor.

Credit Risk 78

Credit Risk Credit Unions Default Small Businesses 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. In addition, lenders tightened credit standards for approving applications for these types of credit in the third quarter.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Abrigo

MARCH 28, 2017

In order to effectively manage credit risk, banks and credit unions need to be vigilant at all stages of the life of a loan, from origination to administration to portfolio risk management. Risk ratings start playing a role in risk management and profitability before the loan is even booked.

Credit Unions 60

Credit Unions Credit and Collections Credit Risk 60

Abrigo

OCTOBER 23, 2014

“As we witnessed with the not so distant crisis, banks that were lax with their credit standards while booking unprecedented new business ultimately paid the cost.” Blog Bank Credit Union' The regulatory compliance aspect is critical, CEIS notes.

Credit Unions 74

Credit Unions 74

Abrigo

OCTOBER 10, 2023

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

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

MAY 19, 2023

Takeaway 3 Consider how much your bank or credit union's resources can support while meeting regulatory expectations. But many banks and credit unions find that booking loans with a loan origination platform offers their current staff greater functionality, mitigating or eliminating those staffing woes.

Credit Risk 78

Credit Risk Credit Unions Credit and Collections Small Businesses 78

Abrigo

MAY 30, 2023

Despite the seemingly long runway to prepare, it's not too early to get a handle on the new requirements and how they will affect a bank or credit union. At Abrigo’s recent ThinkBIG conference, hundreds of bank and credit union staff members attended information sessions on the issue.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Abrigo

DECEMBER 31, 2019

Key Takeaways The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2019. The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Book more loans with a faster turnaround.

Credit Risk 60

Credit Risk Credit Unions Small Businesses 60

Abrigo

OCTOBER 10, 2023

Takeaway 3 Industry analysis can strengthen your bank or credit union's credit risk rating system and help you offer products to meet customers' needs. By analyzing current industry trends, you could more confidently point your bank or credit union in a new direction and possibly save it from investing in a poor market.

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Abrigo

SEPTEMBER 14, 2020

While reports using immediate and permanent rate shock fill a regulatory need , they are not very useful or don’t provide much insight for the bank or credit union. Banks and credit unions are making those loans and collecting the fees, but those PPP loans are not impacting those financial institutions much right now.

Credit Unions 78

Credit Unions Credit and Collections 78

Abrigo

SEPTEMBER 14, 2020

While reports using immediate and permanent rate shock fill a regulatory need , they are not very useful or don’t provide much insight for the bank or credit union. Banks and credit unions are making those loans and collecting the fees, but those PPP loans are not impacting those financial institutions much right now.

Credit Unions 78

Credit Unions Credit and Collections 78

Abrigo

NOVEMBER 10, 2014

As a result, banks are having to spend more time and resources on complying with regulations instead of profitable activities such as booking new loans. Blog Bank Credit Union' The third quarter marked the highest level of regulatory changes since 1995, with 82 changes implemented.

Credit Unions 68

Credit Unions 68

Abrigo

MAY 19, 2023

But many banks and credit unions find that booking loans with a loan origination platform offers their current staff greater functionality, mitigating or eliminating those staffing woes. How can banks and credit unions build up strong loan reviewers?

Credit Risk 78

Credit Risk Credit Unions Revenue Recognition Default 78

Abrigo

MARCH 14, 2022

Many banks and credit unions must pull loan-related information from their core processing system and either combine it with data from paper files or manipulate it to monitor the health of the loan. Learn how to book loans faster while managing risk. On-demand reporting for exception, covenant, and document tracking.

Credit Unions 78

Credit Unions Credit Risk 78

Abrigo

MARCH 25, 2022

Well, let’s say for example that the average price (or book value) of toilet paper is $1 per roll. For example, if a loan was on the books for 5% and a change in market rates resulted in a new loan with similar loan characteristics being made for 3.5% How the 2022 Stress Test Scenarios Can Help Small Banks & Credit Unions.

Credit Unions 78

Credit Unions CECL 78

Abrigo

AUGUST 2, 2023

CRE credit risk is in the spotlight A structured approach to assessing commercial real estate risk helps banks and credit unions address inquiries about the health of CRE loans. A thorough credit review process provides insights into potential risks and helps determine appropriate reserve levels.

CECL 78

CECL Credit Risk Credit Unions 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. 3 Goals of Asset/Liability Management in Banks & Credit Unions.

Credit Unions 78

Credit Unions Credit Risk 78

Abrigo

JULY 22, 2016

Many banks and credit unions have adopted sophisticated risk-management practices, and their board of directors has to play an active role in ensuring that risks are well understood in overseeing risk exposure. Credit risk remains the most important risk that banks and credit unions have to monitor.

Credit Risk 60

Credit Risk Credit Unions Default Transactions 60

Abrigo

AUGUST 28, 2019

Ask the staff of banks and credit unions about the loan application, underwriting, and onboarding processes at their respective institutions, and you’ll likely hear some complaints from them, too. A look at the steps of an institution relying on manual processes and an institution utilizing technology sheds light.

Credit Unions 60

Credit Unions Credit and Collections Credit Risk Credit Scoring 60

Fundera

JUNE 12, 2018

America First Credit Union Free Business Checking. But also know that you may need to spend some time working with a bookkeeper or accountant (or at least with your calculator) to clean up any lingering confusion in your books. Smaller local or regional banks or credit unions tend to have the best “deals” on accounts.

Credit Unions 104

Credit Unions Transactions Small Businesses 104

Abrigo

NOVEMBER 16, 2016

Learn how banks and credit unions can continue to grow the CRE portfolio while keeping risk in check by joining the Sageworks webinar, " Commercial Real Estate Lending Best Practices ," on Nov. 17 at 2 p.m.

Credit Unions 60

Credit Unions Credit Risk 60