Abrigo

MARCH 19, 2021

How credit unions can manage CECL data challenges As credit unions prepare for the Current Expected Credit Loss standard, they'll uncover several data issues they'll need to address. You might also like this webinar: CECL in 2023 - Steps to Take This Year. DOWNLOAD/WATCH. Related Subhead. Different model, different data needs.

Credit Unions 78

Credit Unions CECL Credit and Collections Default 78

Abrigo

APRIL 26, 2023

DOWNLOAD Takeaway 1 The FASB is moving ahead with a plan to eliminate the PCD and non-PCD distinctions for acquired assets. Said another way, this would eliminate the “double-count” issue that currently exists under CECL. Therefore, the expansion would NOT apply to any deals completed before a company adopted CECL.

CECL 78

CECL 78

Abrigo

OCTOBER 7, 2021

Should Institutions Build or Buy a CECL Solution? Regardless of whether financial institutions choose to stay in-house or outsource their CECL solution, they have four important considerations to make. You might also like this bundle of whitepapers on how to prepare for CECL. Preparing for CECL.

CECL 78

CECL Credit Unions 78

Abrigo

SEPTEMBER 24, 2015

The Financial Accounting Standard Board’s proposed move to the current expected credit loss, or CECL, is top of mind for many of the bankers and industry experts attending the 2015 Risk Management Summit presented by Sageworks. Some meeting participants, however, expressed skepticism that this timing would hold true. We have tons of data.

CECL 84

CECL Credit Unions Credit and Collections Credit Risk 84

Abrigo

JULY 28, 2021

Why it makes sense to adopt CECL immediately SEC filers and experts recommend starting CECL implementation ASAP to have the best opportunity for a smooth transition. You might also like this resource: CECL Prep Kit. Benefits of earlier CECL implementation. Start Now’. Start now.” “At

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. Progress on CECL.

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

JUNE 19, 2022

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined."

CECL 78

CECL Credit Unions 78

Abrigo

MARCH 12, 2021

Board updates on CECL and what to include Keeping bank or credit union directors informed on CECL is good for corporate governance and for ensuring a smooth transition. You might also like this infographic: "Busting the Top 5 CECL Myths" DOWNLOAD. Communicating CECL. Smooth CECL transition hinges on buy-in.

CECL 78

CECL Credit Unions 78

Abrigo

AUGUST 21, 2017

Compared to existing ALLL requirements, Accounting Standards Update 2016-13 (CECL) will require more inputs, assumptions, analysis and documentation, making the option to automate the process significantly more attractive for many institutions.

CECL 60

CECL Default Credit Unions 60

Abrigo

SEPTEMBER 28, 2015

Understandably, financial institutions of all sizes have numerous questions about how they will implement the FASB’s proposed current expected credit loss model, or CECL, once the standard is finalized. Panelists said they see no evidence that a less arduous application of CECL will be adopted, even for smaller institutions.

CECL 60

CECL Credit Unions 60

Abrigo

OCTOBER 21, 2015

The Federal Reserve announced it will hold a special information session later this month for accountants, consultants, auditors and others to learn more about the FASB’s forthcoming current expected credit loss model , or CECL. To learn more about CECL, download the whitepaper, “ FASB’s CECL: How to Prepare Now.”.

CECL 60

CECL Credit Unions 60

Abrigo

JANUARY 24, 2024

How will the acquired portfolio impact your CECL calculations and processes? For example, adopting the current expected credit loss standard (CECL) required a well-planned strategy and ample time dedicated to the operational and technical transition. Find out what auditors and regulators will be looking for as it relates to CECL.

CECL 78

CECL Credit Risk 78

Abrigo

MARCH 21, 2024

Valuation, CECL , and Income Recognition (Day 2) are interconnected. Adopt a straightforward format for post-CECL fair value disclosures and valuations with this whitepaper. Adopt a straightforward format for post-CECL fair value disclosures and valuations with this whitepaper.

Credit Unions 88

Credit Unions CECL Credit Risk Transactions 88

Abrigo

AUGUST 10, 2023

Streamline the CECL calculation. To learn more about the PD/LGD approach and the pros and cons of using it under the Current Expected Credit Loss Model (CECL), download this infographic, CECL Methodologies: Pros and Cons for Your Portfolio.

Default 78

Default CECL Credit Risk 78

Abrigo

FEBRUARY 14, 2024

Learn more about stress testing with this whitepaper, "Stress testing: Managing capital levels and credit risk." Learn more about stress testing with this whitepaper, "Stress testing: Managing capital levels and credit risk."

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

APRIL 7, 2022

You might also like this webinar, "Mergers & Acquisitions in a CECL Environment." For example, adopting the current expected credit loss standard (CECL) requires a well-planned strategy and ample time dedicated to the operational and technical transition. Download this three-step AML checklist for mergers and acquisitions.

CECL 78

CECL Credit Unions Transactions Credit Risk 78

Abrigo

MARCH 27, 2020

Key Takeaways Three out of four bankers expect a recession will last at least two quarters Economic uncertainty has shifted questions regarding estimating the allowance for credit losses under CECL Managing troubled loans and liquidity top bankers' list of concerns. Download Now.

CECL 78

CECL 78

Abrigo

OCTOBER 21, 2014

The Financial Accounting Standards Board (FASB) continues to receive attention surrounding their proposed current expected credit loss (CECL) model , as final guidance is expected to be released late 2014 or early 2015. To learn more about FASB’s CECL model, download the whitepaper, FASB’s CECL Model: How to Prepare Now.

CECL 83

CECL Credit Unions Transactions 83

Abrigo

MARCH 17, 2022

Learn 4 ways you should align assumptions and inputs across stress testing, ALM, and CECL. Download Infographic. Portfolio Risk & CECL. Peer Identification for CECL and Other Credit Risk Applications. CECL Models. Portfolio Risk & CECL. Portfolio Risk & CECL. keep me informed. Whitepaper.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

DECEMBER 13, 2019

Additional resources, download Abrigo’s latest whitepaper, “ Maximizing Your Financial Institution’s Cross-Selling Potential ,” or watch the webinar, “ Loan Pricing: A Key Driver of Success.” CECL Regulation. Portfolio Risk & CECL. Portfolio Risk & CECL. CECL Accounting. CECL Methodologies.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

JUNE 28, 2024

DOWNLOAD Strategies for 2024 Key components of managing interest rate risk These five areas of focus can help financial institutions improve their standing and prepare for the future. Understanding the impact of changing rates on your financial institution’s margin is critical to plan what to do next. Upcoming exam?

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

NOVEMBER 8, 2015

Whether it’s part of a CECL preparedness conversation or part of a more proactive approach to risk management under existing regulatory expectations, the topic of “loan-level data” has repeatedly come up since the 2012 proposal from the FASB. Less subjectivity in forward-looking assumptions under CECL.

Credit Unions 68

Credit Unions CECL Credit and Collections 68

Abrigo

NOVEMBER 29, 2021

Portfolio Risk & CECL. 4 Steps for Integrating CECL and Other Risk Management Models. Portfolio Risk & CECL. Infographic: 4 Benefits of Integrating CECL and Other Risk Models. Currently, banks are flush with “surge” deposits , which could be contributing to this additional source of income. Flush with deposits?

CECL 78

CECL Credit Unions 78

Abrigo

MAY 24, 2024

Show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution.

Credit Unions 97

Credit Unions CECL Credit Risk Transactions 97

Abrigo

NOVEMBER 5, 2014

To learn more about other bankers'' opinions on a range of topics surrounding the ALLL, download our whitepaper, 13 ALLL Questions. “We have a healthy reserve, and we operate just fine, so why release any of it?”).

Credit Unions 94

Credit Unions Bad Debt CECL 94

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. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

Abrigo

NOVEMBER 17, 2023

Download this infographic to see how construction loan management compares using a spreadsheet-based systems and a software solution. Many frustrations with the loan application process and underwriting are tied to bank and credit union reliance on manual or paper-based systems.

Credit Unions 88

Credit Unions CECL Credit Risk Credit and Collections 88

Abrigo

OCTOBER 10, 2023

If your financial institution is struggling to proactively identify credit risk in the portfolio, Abrigo can help. Get more credit risk best practices. Read "Commercial risk rating considerations." Read "Commercial risk rating considerations."

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Abrigo

JULY 31, 2022

Download "6 Reasons to update your core deposit analysis.". CECL Models. Portfolio Risk & CECL. Beyond CECL: Stress Testing, ALM, and Financial Planning. Learn how an updated core deposit analysis helps navigate the current environment. keep me informed. Asset Liability Modeling. Asset/Liability. Stress Testing.

CECL 78

CECL 78

Abrigo

APRIL 12, 2021

You might also like this report on commercial loan automation systems DOWNLOAD. What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. Takeaway 1 The lending landscape is increasingly competitive and the process is frustrating.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections CECL 135

Abrigo

OCTOBER 14, 2022

Finally, when it comes to CECL preparations, King says many clients are getting negative feedback from regulators and validators on the documentation component of the new standard. “In In their hurry to get compliant with CECL, it seems like maybe banks have forgotten the documentation piece. Portfolio Risk & CECL.

Credit Risk 78

Credit Risk CECL Small Businesses 78

Abrigo

JUNE 27, 2024

Show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution. Show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution.

Transactions 88

Transactions CECL Credit Unions Credit Risk 88

Abrigo

JANUARY 25, 2022

Portfolio Risk & CECL. Portfolio Risk & CECL. Change Management Helps Financial Institutions with Digitalization Bank and credit union executives who manage the people side of digital transformation have more success. . You might also like this whitepaper, "Leading a Successful Software Implementation." keep me informed.

Credit Unions 78

Credit Unions CECL Credit Risk Transactions 78

Abrigo

OCTOBER 17, 2023

DOWNLOAD Takeaway 1 Financial institutions should review change management processes, given the ever-evolving landscape and examiners' attention. You might also like this 7-step guide to a successful software implementation.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Abrigo

DECEMBER 1, 2020

If the borrower does need to fill out the form, the lender will need to download the appropriate form (either for a for-profit business or a non-profit firm) and send it to the borrower within five days of receiving the SBA notice. Portfolio Risk & CECL. Portfolio Risk & CECL. Asset/Liability. Fraud Prevention.

CECL 78

CECL Credit Risk Dashboards Small Businesses 78

Abrigo

MAY 10, 2021

You might also like "Leading a Successful Software Implementation" DOWNLOAD whitepaper. Portfolio Risk & CECL. Features of a Commercial LOS What basic functions should a loan origination system complete? What should an LOS vendor provide? . You might also like this Aite Group report on LOS vendors. Learn More. Asset/Liability.

CECL 78

CECL Credit Risk Credit Scoring 78

Abrigo

OCTOBER 4, 2022

DOWNLOAD . Portfolio Risk & CECL. Portfolio Risk & CECL. Several factors make this rising-rate environment different, so strong asset/liability management is critical for increased earnings. You might also like this checklist, "6 Reasons to update your core deposit analysis." keep me informed. Whitepaper.

CECL 78

CECL Credit Unions Credit Risk 78