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How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Capitalizing on PPP innovations for a better experience. To reduce the need for face-to-face engagement during the initial PPP application window, some community financial institutions leveraged technology that enabled their bank or credit union to develop a “digital branch.” Lending & Credit Risk. SBA Lending.

Lending 259
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Budget Surplus? 5 Ways to Invest in Your Financial Institution with This Year’s Excess Budget

Abrigo

Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. But this year, only 15% described core deposit growth as a “very important” risk. Credit Risk Management. Learn More.

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How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Capitalizing on PPP innovations for a better experience. To reduce the need for face-to-face engagement during the initial PPP application window, some community financial institutions leveraged technology that enabled their bank or credit union to develop a “digital branch.” Lending & Credit Risk. SBA Lending.

Lending 195
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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Retail Bank, Citibank, New York, NY. Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA.

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5 Reasons to Start CECL Implementation Now

Abrigo

Banks and credit unions also need to determine what data has been tested or historically reconciled to make sure that gaps and inconsistencies do not cause problems. While conducting CECL testing, consider the impact each scenario will have on capital. See how the Bank of San Antonio eased its CECL transition.

Resources 195