CU Direct Rolls Out New Lending Analytics & Portfolio Management Academy for Credit Unions
Ontario, CA | July 31, 2014
CU Direct (www.cudirect.com), the nation’s leading provider of lending, automotive and strategic solutions to the credit union industry has introduced its new Lending Analytics & Portfolio Management Academy for credit union lending professionals.
The academy fills a key void in credit union staff education, by offering the first educational program dedicated to addressing lending analytics and general loan portfolio management. “The lending academy provides vital insight and training in portfolio, data, and risk management that has been unavailable to credit union lending professionals up until this point,” notes Michael Cochrum, CU Direct’s senior director of analytics and advisory services.
Over 50 credit union professionals attended the academy’s initial educational sessions held in Dallas, Boston, and Ontario, California in June.
The Lending Academy offers credit union lending professionals a comprehensive educational program that performs a deep drill-down on a range of topics from data management strategies, regulatory and risk management challenges, and analysis of key metrics, to multi-dimensional portfolio risk analysis, and an introduction to risk attributes/dimensions.
“Considering the regulatory emphasis, economic pressures, and organization strategies, there is a great need for this type of specialized training,” states Jennifer Grant, credit risk analyst, Rivermark Community Credit Union. “It was challenging to find educational resources that offered expert insight and training on portfolio, data, and risk management; CU Direct’s lending academy provided valuable training that addressed these areas.”
“For decades, credit unions have been collecting critical application and performance data in order to originate loans and manage portfolio profitability. However, what has not been easy is storing that data in accessible formats, successfully managing that data so it is available for regular and comprehensive analysis and, most importantly, using that data to drive better, faster decisions,” adds Cochrum.
CU Direct’s Lending Analytics & Portfolio Management Academy will be holding its next sessions in October. Credit union professionals interested in learning more about the Lending Academy and upcoming classes can visit www.lendinganalyticsacademy.com or contact LAPMA@cudirect.com.