We’re in a period of unprecedented uncertainty. Inflation and corresponding interest rate increases are higher than we’ve seen in this generation. Home values and mortgage payments relative to income levels are greater than what we saw during the Great Recession. You could make the case that we’re in a period…
TTA-AdminOctober 31, 2022
You have probably already started to feel it in your local markets. Six months ago, homes were being swept up within hours, or days of being listed, if they hit the market at all. Today, home values remain strong on paper, but they are being scooped up more slowly, indicative…
TTA-AdminAugust 30, 2022
Recession or not, the times, they are a- changin’… From the COVID-19 pandemic, to Russia-Ukraine turmoil and everything in between it seems as if we are constantly speculating on what will be the catalyst that pushes us into the next recession. As it stands, many economists think the chances of a…
TTA-AdminJune 10, 2022
The cost of living is going up. The Bureau of Labor Statistics’ (BLS) April Consumer Price Index (CPI) rose 8.3% over the past year, higher than consensus estimates. From food, to energy, cars and shelter, no sector is safe from inflation. Higher prices doesn’t always mean less affordable, relatively speaking.…
TTA-AdminJune 1, 2022
Things have been good economically for so long that it’s hard to imagine a time when they weren’t. Even in the face of a devastating global pandemic, asset prices performed well and delinquencies and defaults have trended in the right direction. As a result, demand continued to outpace supply. Demand…
Jon CrossaMarch 15, 2022
A frequent criticism of the Allowance for Credit Losses is the disconnect created between the recognition of income and expense. Financial institutions are forced to record life of loan credit loss expense at origination, whereas income is recorded as it is earned. This deviates from the traditional ‘matching principle’ that…
Dinny LechmanMarch 15, 2022
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 LechmanJanuary 5, 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 LechmanDecember 3, 2021
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 LechmanNovember 11, 2021
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 LechmanNovember 5, 2021