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

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

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

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

Heading Into A Merger? A Loan Portfolio Review is a Good Idea

While credit union mergers and acquisitions (M&A) are relatively uncommon occurrences—in 2020 there were just 136 credit union mergers and just 5 bank acquisitions by credit unions—they are high-dollar agreements with a lot of room for ambiguity and interpretation.  When credit unions are being merged and acquired, the terms are…
Megan Horn
October 7, 2021

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
Credit Scores

Why FICO Scores are Up

After a year since COVID struck the U.S., FICO credit scores are up—a lot. For the past decade, the average FICO score has grown at around one point per year. In 2020, despite record unemployment, the average FICO score in the U.S. climbed seven points—from 703 in 2019 to 710…
Megan Horn
September 8, 2021

What the 2020 HMDA Data Says About Credit Union Lending

The Home Mortgage Disclosure Act (HMDA) requires financial institutions to maintain, report, and publicly disclose loan-level information about mortgages. The reported data: Helps show whether lenders are serving the needs of their communities Is used to inform government decisions and policies Sheds light on potentially discriminatory lending patterns HMDA data…
Megan Horn
August 6, 2021

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

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