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The Perfect Storm: Credit Risk and Modern Collections with David Reed
In this episode, Mark Treichel sits down with David Reed, of Reed & Jolly law firm, to discuss the pressing issue of credit risk and loan quality in credit unions. As a former in-house counsel and collections manager turned credit union attorney, Reed brings unique insights into modern collection challenges and solutions.
Key Topics:
- Analysis of NCUA's 2024 Supervisory Priorities letter and its unprecedented focus on credit risk
- Record-high delinquency rates in credit cards and used car loans
- The need to modernize collection practices with new technology and communication methods
- Importance of board reporting and corporate governance in managing credit risk
- Balancing member service with sound financial practices in today's economic environment
Guest: David Reed
Contact: david@reedandjolly.com | 703-675-9578
Credit Union Exam Solutions Presents With Flying Colors