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

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. This is especially challenging with cloud-based providers where cybersecurity concerns are even greater. Portfolio Risk & CECL. Portfolio Risk & CECL. Credit Risk.

Cybersecurity 60

Cybersecurity CECL Credit Risk 60

Abrigo

DECEMBER 7, 2021

Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment. Document the BSA/AML risk assessment. Documentation is one of the more critical aspects of performing a risk assessment. Without supporting documents, the analysis of the institution's risk cannot be adequately supported.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78

Abrigo

JULY 14, 2023

in CECL calculations and loan performance), but stale information is not the best to use for strategic planning. emailing, uploading to other documents, creating pdfs, and presentation features that allow for direct presentation to management and board groups)?

Credit Unions 78

Credit Unions CECL Dashboards Revenue Recognition 78

Abrigo

APRIL 12, 2021

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration. It’s also important to understand how an LOS may be able to help your bank or credit union.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections Cybersecurity 135

Abrigo

JULY 16, 2021

Thoroughly analyze and document the residual risk of each. Customer Due Diligence : Onboarding documents should include any early detection method of identifying higher-risk customers. Portfolio Risk & CECL. Internal Controls : Ensure that your policies and procedures address each of the Priorities. BSA Rules and Regulation.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Abrigo

OCTOBER 23, 2019

This is especially challenging with cloud-based providers where cybersecurity concerns are even greater. This movement to the cloud requires a robust vendor due diligence process and rigorous ongoing third party management that includes a focus on cybersecurity controls. Understand the vendor’s financial stability.

Cybersecurity 60

Cybersecurity Credit Risk CECL 60