Uncategorized

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
Uncategorized

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
Uncategorized

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
Uncategorized

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
Uncategorized

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

2O2O Analytics

Toll Free 1-877-392-2021

13577 Feather Sound Drive
Suite 400
Clearwater, FL 33672
United States of America