The Decision Maker

Joe Breeden (Deep Future Analytics)

Recent Posts

FASB’s New CECL Comments Could be a Worst-of-Both-Worlds Approach

Posted by Joe Breeden (Deep Future Analytics) on Apr 19, 2016 11:30:00 AM

Last week’s comments by the Financial Accounting Standards Board (FASB) about how they will allow the different levels of complexity in credit loss calculations for lenders of different sizes would seem to be a victory for smaller credit unions and community banks.

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Topics: Credit Unions, Loan, CECL

The Evolution of Credit Unions

Posted by Joe Breeden (Deep Future Analytics) on Jan 19, 2016 12:00:00 PM

 We all know that our economy and our society is evolving rapidly through data collection and advanced analytics, yet we are surprised by news each day of another business area adopting advanced techniques. Within the world of finance, credit unions are beginning this same evolution.  
We might think “even credit unions” are changing, but with thousands of credit unions and a naturally more collaborative environment, groups of credit unions are combining resources to deploy advanced analytics. Although this will happen naturally, the proposed CECL accounting rules for loan loss reserves will cause a dramatic shift in the use of data and analytics at credit unions, comparable to the changes occurring at larger banks due to CCAR and DFAST.
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Topics: Credit Unions, Big Data & Analytics

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