MADISON, Wis.–The CUNA Lending Council has released a new “Financial Flash” titled “Concentration Risk: Guidance on Policy and Metrics” that provides guidance to lenders, helps determine areas of potential concentration risk, and identifies metrics credit unions can use to measure risk and set meaningful limits.
The Lending Council said the Financial Flash makes the case that developing a concentration risk policy should not be a “plug and play” activity, sharing both actual credit union situations and simulated examples.
The full scope of topics includes considerations, monitoring, developing scenarios, and mortgage loans.
For more info: www.cunacouncils.org.