With problem loans increasing, profits sagging, and new capital hard to find, getting the Allowance for Loan and Lease Losses (ALLL) right is more important than ever. Synergy helps credit unions better understand how to manage this critical component of the credit risk management program, including how to address ASC 450 (formerly SFAS 5), historical loss data, qualitative factors (“Q-factors”), ASC 310 (formerly SFAS 114), identify loans and measure impairment.
AN EFFECTIVE LOAN REVIEW SYSTEM PROMPTLY:
Loan Review should be a process to detect weaknesses in the various levels of an institution’s credit initiation and underwriting.
ANCIN COOLEY
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