General Blog Posts

Model Risk

The Office of the Comptroller of the Currency (the "OCC") and the Federal Reserve (the "Fed") recently issued some guidance regarding Model Risk. OCC Bulletin 2011-12 and Supervision and Regulation Letter 11-7 outline new supervisory guidance describing how financial institutions should manage the risks associated with model use. By model…
TTA-Admin
July 7, 2011
General Blog Posts

New FASB Disclosure Requirement

I want to bring to your attention a new FASB Update titled “Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses" that will be effective for most credit unions’ December 31, 2011 year ends. In case you haven't been able to read the 92 page…
TTA-Admin
April 22, 2011
General Blog Posts

The Benefits and Risks of Indirect Lending

According to an NCUA poll, approximately 84% of credit unions are involved in some sort of indirect lending. Another 8% are considering becoming involved. Indirect lending can expand your lending opportunities and give you a way to create member growth by reaching out to those individuals obtaining indirect loans who…
TTA-Admin
April 1, 2011

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