Karen Weisman

Mastering Cash Flow: Track Your ACH Payments Effectively If you are ready to know your numbers and take the next step then go to https://lnkd.in/eHmCcCpm and schedule your 15 min call with Kerry - have a conversation to see if we are a good fit. #FinancialTipsForBusiness #EffectiveBookkeeping #BusinessFinanceManagement #SmartFinancialPlanning #MoneyManagementStrategies #ProfitAndExpenseTracking #BusinessMoneyManagement #FinancialGrowthTips #BookkeepingForSuccess

The #CFPB has released the latest edition of its Supervisory Highlights. Credit unions can learn from the common findings highlighted in the report to ensure their procedures and practices are compliant. In today’s REGular Blog, we highlight key findings in the report and give takeaways and best practices for credit unions. #REGularBlog #creditunions #compliance #vacul https://ow.ly/xssw50SuJnY

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NCUA just issued its Q2 Credit Union Data Summary. Per Chair Harper: “The credit union system overall remains largely stable in its performance and is relatively resilient against potential economic disruptions. However, challenges persist across the system and at specific institutions,” Chairman Todd M. Harper said. “Notably, an increasing segment of credit union membership continues to experience financial strain as evidenced by a steady increase in the loan delinquency rate, charge offs, and borrowing using the NCUA’s payday alternative loan product. While interest rate and liquidity risks have ebbed recently, we are seeing growing signs of concern in loan performance, capital, and earnings as deposit levels have dropped. Credit union managers must continue to monitor their institution’s performance and balance sheets and act expeditiously to prevent small anomalies from growing into big problems.” The referenced financial strain can be seen in these stats in particular: 1. Delinquency rate increase: Delinquency rose to 0.84 , up 21 basis points from a year earlier. 2. Net charge-offs increase: The net charge-off ratio increased to 0.79% in Q2, up 26 basis points from Q2 2023. This substantial rise in loan losses is impacting some credit unions' profitability and capital positions. 3. Declining ROA: The ROA decreased to 0.69% in Q2 2024, down from 0.80% in Q2 2023. 4. Rapid share certificate growth: Share certificate accounts grew by 30.6% over the year, reaching $528.2 billion. This growth is a "return to the mean". 5. Commercial loan delinquency rate spike: The commercial loan delinquency rate rose to 0.94% in Q2 2024, up 52 basis points from a year earlier. This sharp increase indicate increasing stress in credit unions' commercial lending portfolios. 6. Credit card delinquency rate increase: The credit card delinquency rate rose to 1.98% in Q2 2024, up 44 basis points from a year earlier. This could be an early indicator of broader consumer financial stress. 7. Provision for loan and lease losses increase: This expense increased by 41.4% over the year to $13.0 billion at an annual rate in the first half of 2024. The significant rise suggests credit unions are anticipating higher future loan losses - and is likely also linked to ramifications of CECL. 8. Slower asset and deposit growth: Total assets grew by only 3.5% and total deposits by 2.6% over the year, which is slower than historical averages. When deposit growth is less than cost of funds - its really a decline...

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The #ACHNetwork is constantly evolving. In fact, Nacha's Membership recently approved a number of amendments to the Nacha Operating Rules. To ensure you and your organization are up to date on the latest when it comes to the ACH Network, consider our ACH 101: Fundamentals for Operations & Frontline two-part virtual workshop, taking place May 8 & 9, 9-10:30 a.m. Central. This workshop will provide an overview of the ACH Network including defining the participants, explaining the transaction flow, and reviewing common exceptions. Given the changing environment, whether you are new to ACH or a seasoned pro, this workshop will prove beneficial to you.  https://lnkd.in/eX72cbWH Pam Rodriguez, AAP, CIA, CISA Danita Moss, AAP, NCP Dominic Plumeri, AAP, APRP David P. Catherine Bishop, AAP, APRP, NCP Sandra Parker

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📣LAST CHANCE TO REGISTER📣 FREE TO ALL AMLOLOGY MEMBERS! Be sure to register for our Wire Transfer Fraud Trends & Controls Webinar for tomorrow April 18th at 2pm. In this session, two payments fraud experts will explain the top forms of Wire Transfer frauds today with a focus on sound mitigation practices and controls. Become an AMLology Member andRegister Today: https://zurl.co/ylIJ #AML #AMLology #webinar #financialcrimes #fincrime

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Stay up-to-date with the latest Beneficial Ownership Information (BOI) reporting requirements. New updates will impact business owners and managers. Learn what’s changed and how to ensure your business remains compliant. https://ow.ly/Twy150U7bUf

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Exciting News! NEACH Payments Group has unveiled the "10 Common ACH Pitfalls to Avoid" report! Don't miss out on this valuable resource packed with insights to navigate the ACH landscape successfully. Download your copy now and stay ahead of the curve! #ACH #Payments #ACHAudit #Compliance

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7 Best Practices for Credit Union Compliance. Optimize CECL compliance for your credit union with best practices in data management, technology, stakeholder engagement, and economic forecasting to ensure long-term success. Discover how FLEX can assist your credit union with CECL and overall compliance by reading our latest blog post today. #FLEXCreditUnionTechnology #FLEXCUTech #Technology #CECL https://hubs.ly/Q02-l6WG0

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Fraud poses a significant threat to the trust of customers and members of financial institutions. Download the results of Abrigo's latest survey to learn more about the current state of fraud: https://lnkd.in/gudrWHPZ

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Dodd-Frank Act Section 1071 deadlines have been extended. Is your institution prepared? This new document includes what you need to know and how to ensure your bank or credit union remains compliant. Download here >> https://bit.ly/3AjFDJ2 #doddfrank #section1071 #bankingcompliance #banks #creditunions #bankingregulation #loanmanagement

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As ACH transactions become more common and faster, Banks, Credit Unions, and Fintechs need a solution to protect against fraud and unauthorized returns. 🛡️ Join our webinar on August 28th at 10am PT to explore 4 key features of Unit21’s ACH solution, learn how to safeguard your institution, and discover ways to streamline ACH fraud prevention. 🔎 ✅ Register now to secure your spot: https://hubs.li/Q02Md9j60 #ACH #ACHFraud #FraudPrevention

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Veterans, prepare your business case and financial statements, and let #PuroVet help guide you to the right resources. With tailored support from #PuroVet and your local VBOC, find the perfect loan to fuel your business dreams as a #PuroCleanFranchiseOwner. Take the next step in your entrepreneurial journey today! Visit PuroVet.com to learn more about how we support veteran entrepreneurs. #VeteransInBusiness #PuroVetSupport

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A well-managed credit risk rating system is important for promoting a lending institution’s safety and soundness. Download our Credit Risk Rating System guide to see how BAFS can assist your institution: https://hubs.la/Q02wnWPs0 #CommercialLending #CreditRisk #Banking

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Do you have an effective audit process for consumer real estate files? If you don't, then you need to attend this webinar! The goal of auditing loan files is to identify errors and initiate corrective action before examiners arrive. There are so many regulatory requirements like TILA, FDPA, ECOA, BSA, and FCRA. This webinar will explain how to maintain compliance, how to determine your sample size, and how to review an application for completeness. Join us to learn how to avoid mistakes when preparing consumer real estate loan documentation. Register here: loom.ly/bU9Ue4g

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92% of ICBA member banks rely on our Preferred Service Providers, and 52% couldn’t offer certain services without them. At the PSP Engagement Forum, we connected bankers and PSPs to drive innovation, collaboration, and stronger community banking:

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Each handbook contains all the knowledge necessary for compliant ACH operations in a condensed format that is more easily referenced and digested by the Originator. It includes an overview of the ACH Network, its participants, and why it is a safe, efficient payment system. 🔗Link to purchase: https://lnkd.in/gMM_r_Jr #Payments #Publications #Origination #Handbook #ACH

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