TCT Risk Solutions is excited to announce the launch of their real time ALM Simulation tool.

Click Watch Now below to see a demonstration of the tool.

For more information contact us at (208) 939-8366

Claire Dickey, in a June 20, 2019 article in bankrate.com, reports that more than half of Americans will pay for their children’s summer care with credit card debt. Most of those will carry the debt into coming months.

Carrying over credit card debt for services already consumed can lead to financial strains as debt accumulates. Credit unions need to have management tools in place that track each borrower for signs of financial stress that could lead to loan delinquency or defaults.

Jim DuPlessis, in a June 11, 2019 article in cutimes.com, reports that credit unions held $61.8 billion in credit card debt in April, 2019, up 8.3% from a year earlier, according to a Fed report.

Increasing credit card portfolios may be a source of increasing loan revenues, but credit card debt has its own unique risks and needs to carefully managed.

Sally Bakewell and Thomas Beardsworth, in a June 11, 2019 article in bloomberg.com, write that regulators are becoming more concerned over institutions that are loading up on higher risk loans.

Credit unions can look for more examiner scrutiny relating to their lending practices and loan portfolios.