X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Credit union enterprise risk management programs to date largely have focused on operational internal controls, but proper ERM goes farther than that. Among other things, it also must consider a credit union’s risk appetite. The importance of risk appetite has multiplied in light of several developments, such as the opening up of credit union charters to a greater variety of members and the scrutiny by examiners of how credit unions define their risk appetites. If a credit union has not defined its risk appetite, it has not identified the amount of risk it is willing and able to assume. Credit unions can follow a four-step road map to help incorporate risk appetite, tolerance and limits in their ERM structure.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.