The evolution of credit unions

first_imgWe 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.Recently, I had the pleasure of presenting a webinar sponsored by OnApproach, a Credit Union Service Organization, and Deep Future Analytics, an advanced predictive analytics solution for Credit Unions and Community Banks.In Preparing for CECL I discussed what will be needed to estimate the numbers needed for CECL. Vintage analysis, macroeconomic factors, and credit quality adjustments will all be key components. I believe that those who designed CECL asked for all the right things, but did not realize the effort and investment required to comply. The goal of my talk was to highlight that CECL is an investment, not a cost, because if done right, the insights gained will directly impact pricing and underwriting, portfolio management, and risk appetite assessment. continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Poch hails match-winner Lamela

first_img “He is very happy because it is his first (league) goal and we are very happy too because it helped the team get the three points,” Pochettino said. “It is important for him. We need to understand Erik is still young, he has a big talent but it was difficult his first season in England. “This season he is fit – in the beginning it wasn’t easy for him to play but he just needed time. “Today was great for him because he needs to build his confidence, to be more strong and when we saw his performance today he is happy because it is another step in the right direction.” A combination of injuries and poor form saw Lamela start just nine league games last season but the Argentine is showing signs of rejuvenation this term under Pochettino. Lamela posed a constant threat against Burnley with his weaving runs forward and he was also defensively diligent, fighting to win the ball back for his team in midfield. Pochettino insists there has been no magic formula behind the youngster’s improvement other than support and time. “It is the club, it is not only me who gives him the tools to improve his performance,” Pochettino said. Lamela’s long-range strike in the 35th minute proved the difference at White Hart Lane as Spurs beat the Clarets 2-1 and climbed to sixth in the Barclays Premier League table. It was a first league goal for the 22-year-old, who has struggled to adjust to the pace of English football since his £26million move to north London in August 2013. “It is our results too and the club who give him the chance to work in the best condition and try always to help him.” Pochettino added: “Last season was very difficult for him – his injury, he didn’t play so much and getting used to a different culture and language. “You need time to adapt to a new club and culture. He is very, very strong and he needs to keep going. We are very happy.” Lamela’s strike earned Tottenham their third consecutive victory after Ashley Barnes had earlier cancelled out Harry Kane’s opener. The only headache for Pochettino was an injury to Ryan Mason, who hobbled off with a twisted ankle in the second half although t he Spurs boss said afterwards the injury “didn’t look too bad”. Defeat for Burnley means Sean Dyche’s side slip back into the bottom three ahead of a tough festive period that includes games against Liverpool and Manchester City. The visitors were second best at White Hart Lane but the Clarets could have snatched a point had they been more clinical in front of goal. “I believe in my players wholeheartedly and there were great signs for what we’re trying to achieve today,” Dyche said. “We’ve come to White Hart Lane, everyone knows the money they’ve spent on the players and the quality they have. “Everyone knows they’re a side who are beginning to find some results under the new manager. “It’s not an easy task but I thought the way we went about it was first class. “We worked the keeper on a number of occasions and late in the game we were still trying to find a way to win the game.” Tottenham boss Mauricio Pochettino believes Erik Lamela’s match-winning goal against Burnley will do wonders for the winger’s confidence this season. Press Associationlast_img read more

Dele Alli still learning as he admits fame and fortune forced behaviour change

first_imgDELE ALLI revealed how fame and fortune forced him to change his behaviour after learning his lessons the hard way.The Spurs and England midfielder is currently up on an FA misconduct charge over an ill-advised joke about coronavirus, which could yet see him banned when football finally returns from the enforced break.2 Dele Alli could still be banned when football finally returns after how ill-advised coronavirus jokeCredit: Getty Images – GettyHe has already apologised for the gaffe and believes he is now much more aware of his responsibilities after having to come to terms with his high profile from such a young age.Dele, 23, was only 16 when he made his league debut for MK Dons and 19 when he won his first full England cap.He told the Otro YouTube channel: “After I started playing for the national team a lot of people would stop me and ask for pictures.“A year before, I was a normal kid from Milton Keynes who could go anywhere and do whatever I wanted without being noticed.“But when you join the Premier League you start to get noticed and you have to be a role model.“I’ve always tried to live my life as a good person but I’ve made a lot of mistakes and it’s all about adapting and learning from them.“I’m still young and each experience is a new one for me, so it’s important to have good people around you — and I’ve always had that growing up.”2latest football newsTHE WIN CROWDFA Cup final ‘may see 20,000 at Wembley in trial allowing some fans at games’CommentPHIL THOMASDiving and whining was never a good look and will seem worse after lockdownExclusive’I’M IN A BAD WAY’Ex-England star Kenny Sansom talks for first time since being attackedExclusiveBOURNE AGAINHowe says Cherries are stronger after lockdown with FIVE fit-again starsExclusiveSWAN THAT GOT AWAYSwansea wanted £3m Davies three years ago but couldn’t get work permitNEXT STEPJonny Hayes set to move to English Championship having been let go by CelticBAYERN 5 DUSSELDORF 0Lewa bags two as Bayern thump rivals to close on 8th straight titleTHEIR CALLReferees in Northern Ireland will be given choice on coming back says union bossDele’s team-mate Moussa Sissoko says he is ready to hit the ground running for Spurs — whenever clubs get the green light to play again.The France midfielder, 30, has not played since New Year’s Day after suffering a knee injury which required surgery.He told the Spurs website: “My knee’s OK. I’ve trained with the team for nearly two weeks.“I’m building my fitness to be ready for when we can play again.”TOTTENHAM NEWS LIVE: FOLLOW LATEST SPURS UPDATESEngland footballer Dele Alli apologises after appearing to mock deadly coronavirus in airport Snapchat videolast_img read more