Three Takeaways from the Q1 NCUA Data

The National Credit Union Administration (NCUA) released its Q1 2021 data. Here are some key performance indicators: Total loans outstanding increased $49 billion, or 4.4%, over the year ending in the first quarter of 2021 to $1.17 trillion. Total assets rose by $311 billion, or 19%, over the year to…
Megan Horn
July 13, 2021

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

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

Predicting NCUA Supervisory Priorities for 2021

The NCUA will soon be releasing their Supervisory Priorities for 2021. Based on past priorities, evolving NCUA guidance, and the current economic environment here is what we think will be most important to examiners in 2021. CARES Act In response to the COVID-19 pandemic, the NCUA released an update to…
Dinny Lechman
January 8, 2021

The Art of Data

Credit Unions have access to enormous amounts of data. Examining this data is invaluable in gaining insight about your organization.  With competition in the financial services sector growing ever more intense, Credit Unions see the need to adopt a data-driven approach to stay competitive but quickly find that becoming a…
Dinny Lechman
November 30, 2020

Are You Making Additional Loan Accommodations?

It has been nearly 8 months since the COVID-19 pandemic swept the nation, bringing with it sweeping economic upheaval. With that came relief efforts from the federal government and guidance from regulatory agencies. Credit unions quickly answered the call, helping members who were adversely affected by the pandemic in the…
Dinny Lechman
November 6, 2020

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