Overview
- Become NCUA compliant with concentration risk
- Minimize financial risk and mitigate losses
- Perform complex analyses with data from multiple sources
- Establish LTV trends through periodic analyses
NCUA Supervisory Letter
byteTracker in the Press
Credit Union Solutions
Enterprise Risk Management (ERM)
NCUA Compliant Tracking System
In recent literature, NCUA has provided guidance to credit unions as it relates to the evaluation of concentration risk. Specifically, NCUA stated that:
"credit unions should have a data processing system capable of warehousing data ... to properly identify and measure concentration risk." - NCUA Supervisory Letter: 10-CU-03
Now, byteTracker can help your credit union minimize financial risk exposure and mitigate losses, ensuring compliance with NCUA rules and regulations.
How It Works
byteTracker's flexibility allows your credit union to combine data from multiple sources to perform complex and accurate analyses. These sources can range from credit bureaus and public records to even your core system. byteTracker then makes it easy for your credit union to organize and understand the consolidated data, allowing you to track loan details like credit scores or loan-to-values over time and across whole portfolios. When these analyses are done periodically, your credit union can detect trends in risk and perform the appropriate action.
