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Predicting the NCUA’s 2022 Supervisory Priorities

The NCUA will soon be releasing their Supervisory Priorities for 2022. Based on past priorities, evolving NCUA guidance, and the current economic environment here is what we think will be most important to examiners in 2022. Allowance for Loan and Lease Losses AND Current Expected Credit Losses (CECL) Moving into…
Dinny Lechman
January 5, 2022
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Consumer Lending Trends for 2022

The pandemic has impacted credit unions in many ways, some expected and some unexpected. While uncertainties in the economy remain, like the threat of new COVID variants, inflationary concerns affecting interest rates and supply chain issues disrupting markets, some broad trends emerge as we enter into a new year. Mortgage…
Dinny Lechman
December 3, 2021
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Are You CECL Ready?

Since the Financial Accounting Standards Board (FASB) announced the transition to Current Expected Credit Losses (CECL) on June 16, 2016, credit unions have been working to prepare for the implementation deadline on January 1, 2023 (but December 31, 2022 for all intents and purposes). We’ve received a lot of questions…
Dinny Lechman
November 11, 2021
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3 Questions with Dan Price

Dan Price, President at 2020 Analytics answers three questions asked by Lauren Culp, CUInsight Publisher & CEO. What challenges do you see credit unions are facing now and for 2022? What are the big questions credit unions are asking 2020 Analytics? How can credit unions use data to better serve…
Dinny Lechman
November 5, 2021
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How to Identify Members for Proactive Credit Line Increases

Credit scores and consumer spending habits have changed since the beginning of—and even throughout—the COVID-19 pandemic. FICO scores are up, credit card balances and delinquencies are down, and many consumers are refinancing or paying down debt thanks to low interest rates, stimulus money, and assistance programs. A transmissible virus has…
Dinny Lechman
September 21, 2021
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How to Assess and Quantify Collateral Risk in an Uncertain Economy

The COVID-19 pandemic brought with it the most uncertain credit risk environment we’ve seen in at least a decade. Shuttered economies and historically high unemployment brought concern about borrower ability to repay, and assistance provided by governments and financial institutions clouded long-term solvency even further. In an uncertain credit environment,…
Dinny Lechman
May 7, 2021
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3 Signs Credit Card Balances Are Likely to Grow

Credit cards saw a record setting reduction in balances during the pandemic, with total outstanding credit card debt dropping over 10% from Q4 2019 to Q4 2020. This trend is counter intuitive to what you may have expected during an economic recession where unemployment hit all-time highs. But this recession…
Dinny Lechman
April 9, 2021

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