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Let’s Get Ready! Part 2: Administration
In my last article, I outlined three major areas of preparation for the MBL rule change, which goes into effect on January 1, 2017:
Because we covered the board and staff issue in my previous article, this month we will discuss administration. Beginning next year, examiners will spend a fair amount of time assessing the effectiveness of your credit union’s credit administration. This question puts it more simply: Are you managing the relative risk that your MBL portfolio presents to your credit union?