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To better plan and allocate their own resources, credit unions should begin implementing the new expected loss method now.
Evaluate whether your technology meets the needs of business members and your CU's strategies to provide superior member service.
Abrigo details three ways CUs can be ready for what's expected to be a crush of small business members seeking help.
CUs should develop credit analysts to be curious and introspective, and have perspective and emotional intelligence.
A strong credit risk review function is not only important for making examiners happy - here's how to implement one.
Here's what you can do to attract more small business members to your credit union.
It's possible, but in any case, CUs must be prepared to document and support why their allowance levels are what they are.
CUs must familiarize themselves with effective pricing models and how changes such as CECL may impact pricing decisions.
When routine data entry tasks are automated, lenders have more time to provide a personal level of service.
Sageworks details three areas of data quality that credit unions should focus on.