article thumbnail

Managing credit concentration risk

Abrigo

Learn more Regulator comments on overseeing concentration risk Concentrations often arise naturally for community banks and credit unions due to the types of businesses and industries that they serve in their communities. A bank in an urban corridor might understandably have a CRE credit concentration. Louis Fed shows.

article thumbnail

10 Reports every bank and credit union should run NOW

Abrigo

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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Critical lender dashboards & reports for credit leaders

Abrigo

Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. Takeaway 2 A key component of business intelligence is identifying which data generates the most effective lender dashboards.

article thumbnail

Data-driven strategies for banks and credit unions: Start here

Abrigo

Leapfrog competition, reduce risk How to develop banking strategies using your data Everywhere bank and credit union leaders look, it seems, someone is talking about how financial institutions should leverage their data and analytics to develop strategies for leapfrogging competition and reducing risk. Learn more about Abrigo Connect.

article thumbnail

Change management in banks and credit unions: A key to success

Abrigo

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. But banks and credit unions can also realize significant benefits when they incorporate change management strategies.

article thumbnail

7 Fraud and AML compliance reports for bank boards and credit unions

Abrigo

Takeaway 2 Tools ideal for board reporting allow you to put the desired metrics into one dashboard that quickly and easily allows access to important information. They wear many hats, especially in smaller community banks and credit unions. One essential obligation of BSA Officers is reporting to the board of directors.

article thumbnail

CRA compliance: A data-driven strategy

Abrigo

The latest CRA framework categorizes banks (CRA requirements are not extended to credit unions) into three tiers based on asset size, with differing compliance requirements: Small banks (assets under $600 million) Can opt-in to the new CRA tests or remain on a streamlined lending test that focuses on retail activities.

CECL 78