This article,The Allowance for Loan and Lease Loss Becomes a Heavier Burden for Credit Unions, includes my thoughts on one of the up-and-coming challenges
for credit unions and banks in keeping up with the time necessary to
review loans for impairment to calculate ALLL accurately at the same
time that loan volume is (finally) ticking up.
The issues this article touch on are the very same for community banks.
BTW…I
have a strategic partnership with the software company, Sageworks, mentioned in the
article. They have a new software solution for ALLL and my
clients, readers and subscribers get a significant discount. Let me know
if you are interested in a demo and I’ll get you the discount!
