The new Current Expected Credit Loss standard is having a profound financial and operational impact on the way credit unions and other financial institutions collect data and analyze loan performance – and loan participations create an added wrinkle for compliance.
“Originating loans has been a major problem for us over the last few years. Buying loan participations has become an important element of our strategy for growing our loan to share ratio.” -Mike Popadiuk, Finance Manager, Newport News Municipal. Get the full details here.
PriorityONE Credit Union of Florida ($91mm) launched its loan participation program with LoanStreet Inc. in 2017, with an immediate and dramatic effect, increasing its loan to share ratio to well above its peers. Get the full details here.