Join Randy Thompson, CEO and Founder of TCT Risk Solutions, for a three-part series focused on increasing credit union leaders' understanding of credit risk management tools and strategies, in order to promote lending to the underserved. Participants will learn about: How member credit scores can, and do, change over time Tools and strategies that can be applied to manage and minimize loan losses Tools and strategies that are helpful in safely extending loans to the underserved How Credit Migration helps credit unions comply with CECL in a credit union friendly manner

Speaker: Randy C Thompson, Ph.D.

Taking a loan application, performing underwriting, making a loan decision and funding a loan are important and usual activities of loan officers and loan departments.  These activities are the most visible part of any loan department.  But, as basic as they seem, they are only half of the job of managing a loan portfolio.  The other half is managing the loans over their term.

This other half, sometimes referred to as Credit Risk Management, includes activities such as credit monitoring, repayment management, ongoing decisioning, credit counseling, up-migration and credit problem resolution.   This three-webinar series will examine in detail the other half, providing explanations, cases studies and examples of successful credit risk management activities.

When the actions of this "other half" are coupled with sound loan generation programs, credit unions experience higher loan to share, lower risk portfolios, and higher ROAs. This series will introduce tools and procedures that will help credit unions implement the whole Credit Risk package.

Webinar 1: What are credit scores? Why and how do they change?
In this 1-hour webinar, participants will see case studies and personalized examples that provide a clear description of credit migration.  What is it, how does it work and what contribution does it make to credit risk management?