Skip to main content

CECL Credit migration tools will be demonstrated at our Seattle conference!

CECL CREDIT MIGRATION TOOLS  

CECL is fast becoming one of the "hot topics" for credit union CEOs, CFOs, and their Boards. With the new FASB changes becoming effective in just two years, credit migration is a clear and easy CECL response tool which can properly fund the CU's ALLL account and offer great value to the members. 


Randy C. Thompson Ph.D
Introduction to Credit Risk Management and Credit Migration (CECL)
Credit Risk Management
Managing and maintaining a portfolio of performing loans is a basic challenge for all credit unions.  Marketing and underwriting loans is a major function in all credit unions.  However, getting loans on the books is only 50% of the job.  The other 50% is managing loans over their life in the portfolio.  Credit Migration is a powerful tool that credit union leaders are using for this purpose. 

His presentation will provide a clear understanding of what credit migration is, how it works and how it is applied by credit unions to minimize losses, enhance yields, and prepare for CECL implementation.
If your CECL team would be interested in an effective credit migration tool demonstration at the conference -- as well as three years’ worth of free soft credit pulls, contact  Donna Jensen  208-939-8366  djensen@tctrisk.com

SEE US IN SEATTLE




Comments

Popular posts from this blog

Digital Payments Lead the Way Globally: Key Insights from Worldpay Study

According to a recent Worldpay study, digital payments are rapidly becoming the preferred choice worldwide. The research highlights significant shifts in consumer behavior and payment preferences, driven by technological advancements and the growing acceptance of cashless transactions. Key findings from the study reveal that digital payments now account for a substantial portion of global transactions. Mobile wallets, contactless payments, and online banking are gaining traction, reflecting consumers' desire for convenience and speed. This trend is especially prominent in regions like Asia Pacific, where mobile payment adoption is leading the charge. The study also emphasizes the importance of security in fostering consumer trust in digital payments. As fraud concerns continue to rise, businesses must prioritize robust security measures to protect customer information and enhance the payment experience. Moreover, the transition to digital payments is not just about c...

NCOFCU - "Video Mini's" The Federal Reserve

The Federal Reserve, often referred to as the Fed, is the central banking system of the United States. Established in 1913 by the Federal Reserve Act, the Federal Reserve serves several crucial functions in the U.S. economy. Here are the main aspects of the Federal Reserve:  Visit NCOFCU's YouTube channel for more. "Video Mini's" The NCOFCU "Video Minis" are a series of concise 2-3 minute video presentations designed to deliver valuable insights and knowledge on key topics relevant to credit unions. Each video focuses on a specific subject, providing viewers with essential information in a brief and engaging format. These mini-presentations cover a range of subjects. Perfect for busy professionals seeking quick yet impactful content, the Video Minis make it easy to stay informed and enhance your credit union's operations and member services. Join us in exploring these informative and dynamic learning opportunities!

Fixed-Rate 30-Year Mortgage Decreases

MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.65% this week, a slight decrease from last week's 6.6, Freddie mac reported. “The 30-year fixed-rate mortgage ticked down by two basis points this week,” said Sam Khater, Freddie Mac’s chief economist. “Recent mortgage rate stability continues to benefit potential buyers this spring, as reflected in the uptick in purchase applications.” Freddie Mac noted: The  30-year FRM  averaged 6.65% as of March 27, 2025, down from last week when it averaged 6.67%. A year ago at this time, the 30-year FRM averaged 6.79%. The  15-year FRM  averaged 5.89%, up from last week when it averaged 5.83%. A year ago at this time, the 15-year FRM averaged 6.11%.

President Trump is leading the way toward reduced check usage by phasing out paper checks for government payments.

WASHINGTON—A new  executive order  from President Donald Trump bans paper checks as a form of payment for the federal government. The order was signed noting that Treasury checks are often reported stolen, and face other issues. The order also notes that payments made  to  the federal government are also modernizing. “Check fraud is a perennial concern for the banking industry, growing in recent years – reports doubled from 2021 to 2022. Target stores announced last year that they would stop accepting paper checks,” the Independent Community Bankers of America pointed out. “It's a great sign that the government is leading the way toward reduced check usage by phasing out paper checks for government payments,” said ICBA payments expert Scott Anchin, noting that consumers and financial institutions should maintain the ability to determine appropriate payment mechanisms for specific cases.  ABA President and CEO Rob Nichols said his organization welcomes President ...

It Is Not Too Late!!!

Join NCOFCU and TCT Risk Solutions to find out if your financial health falls within the benchmark goals. About this FREE Event  Date and Time; Tue, July 14, 2020 2:00 PM – 3:00 PM EDT Add to Calendar Location; Online Event Register HERE Who should attend? CEO's, CFO's and Directors When you go to the Doctor, one of the first things to happen is the taking of your Vital Signs.  Health professionals know that these key Vital Signs provide an immediate picture of your body’s overall health. Monitoring your Vital Signs is an effective way to identify where your health in strong as well as where and when it requires attention. But it must be the right Vital Signs: for example, blood pressure, not hair length, or eye color. Just like people, Credit Unions have Vital Signs too. These vital signs indicate the overall financial health of the credit union. But, again, it must be the correct group of Vital Signs. Any indicator that is outside the healthy range me...