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Credit and lending risk

Regulators consider an effective loan review system vital for credit unions’ efforts to meet safety and soundness standards. In fact, banking regulators are in the process of issuing updated guidance on loan or credit risk review systems as a standalone document (rather than as part of guidance related to the allowance for credit losses as it is now) to emphasize their importance in broader risk management efforts.

But beyond making it easier to pass examiners’ scrutiny, is a strong loan review system good for your credit union’s business?

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