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5 Benefits of expanding in-house member business lending

Abrigo

With the National Credit Union Administration issuing its final member business lending (MBL) ruling as of January 2017, credit unions are seeing increased flexibility in their lending limits. The investment in internal credit analysis processes also shows dedication by credit union management to staff development.

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Independent Loan Review & Credit Risk Review System Objectives

Abrigo

An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. Larger or more complex institutions might have credit risk review functions entirely separate from their lending functions.

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A Strong Loan Review System Is Good for Your Business

Abrigo

But beyond making it easier to pass examiners’ scrutiny, is a strong loan review system good for your bank or credit union’s business? Effective credit risk review promotes lending agility. Absolutely, says Ancin Cooley, Principal with Synergy Bank Consulting and Synergy Credit Union Consulting.

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RMAI Update October 2024

RMAi Blog

Supreme Court found that “publication to a third party of a credit report bearing a misleading OFAC alert concretely injures the subject of the report.” Acctcorp International, Inc.