Statewide CDC的动态

The U.S. Department of Justice is intensifying its scrutiny on Paycheck Protection Program (PPP) loan recipients, focusing on outright fraud and technical noncompliance. Learn how to navigate these investigations and protect your business in this Perkins Coie Update. #PPPloans?#PPPfraud?#DOJ?#SBA

U.S. News & World Report listed DCU as the 18th largest credit union in the country in its “20 Largest Credit Unions in America” list for 2024! The article highlighted our Digital Equipment Corporation beginnings and shared some of our impressive numbers, including: ? $12.3 billion in assets ? Over 80,000 ATMs nationwide ? 23 branch locations across Massachusetts and New Hampshire ? Over 1.1 million members nationwide—half of whom are outside our branch footprint We are the largest New England-based credit union and have a prominent reach across the country. This recognition underscores DCU’s continuous growth and our dedication to serving our members. Click here to read the full U.S. News & World Report article: https://lnkd.in/eSQ_v3HT #DCU #DigitalFederalCreditUnion #CreditUnions dcu.org | Insured by NCUA | Membership required

The U.S. Department of Justice is intensifying its scrutiny on Paycheck Protection Program (PPP) loan recipients, focusing on outright fraud and technical noncompliance. Learn how to navigate these investigations and protect your business in this Perkins Coie Update. #PPPloans?#PPPfraud?#DOJ?#SBA

The U.S. Department of Justice is intensifying its scrutiny on Paycheck Protection Program (PPP) loan recipients, focusing on outright fraud and technical noncompliance. Learn how to navigate these investigations and protect your business in this Perkins Coie Update. #PPPloans?#PPPfraud?#DOJ?#SBA

The U.S. Department of Justice is intensifying its scrutiny on Paycheck Protection Program (PPP) loan recipients, focusing on outright fraud and technical noncompliance. Learn how to navigate these investigations and protect your business in this Perkins Coie Update. #PPPloans?#PPPfraud?#DOJ?#SBA

25% Credit losses Specialty Finance - Caveat Emptor Specialty Finance is divorced from corporate credit risk. However, it is not immune from credit losses stemming from lapses in underwriting and servicing. First and Peoples Bank in rural Kentucky is in dire straits. Over the last four years, it financed a $71MM consumer installment loan portfolio originated by US Credit, a fintech company. The loans funded merchandise and online educational courses with dubious claims. The portfolio is marked down to $53MM after recording 25% credit losses ($18MM). The delinquent loans are 38% ($27MM). The bank's future is uncertain, with the possibility of FDIC receivership looming. Not all Specialty Finance is created equal. ?It is important to invest with seasoned specialty finance general partners with a proven track record of nurturing successful investment relationships with origination and servicing platforms. #SpecialtyFinance #CreditRisk #Investing #FinanceSector #PivateCredit #PrivateEquity

Many folks ask me what differentiates yourself from the rest... 1. Credit knowledge: I've been in the industry for a decade with over 7 years in SBA credit underwriting. Knowing credit and SBA SOP is important to understand how the rules and credit work to establish proper loan structures and see deals through the lens of credit. Also, a quick no can save time on deals for my referral partners. 2. Communication: My referral sources are always top of mind. Letting them be apart of the process and keeping them updated constantly is important. 3. SouthState Process: Fully vetting the deals in the front end with credit helps to issue term sheets with confidence. ***If we haven't met, DM or email me to schedule a virtual meeting. Does not matter what market you are in. WE PAY REFERRAL FEES! [email protected] 404-450-4258 #sba #smb

We love Credit Unions, we love the people that work in them, and we love their ethos, these people do great work supporting individuals on the margins of our society. ? That may sound very strange from our company founders that have worked for over 20 years in corporate Financial Services, but for one of our co-founders Dave Parker, he has been there, he has worked in that sector with these people. Credit Unions do an amazing job in helping people to save but they also do a great job in providing very cost-effective loans to those same individuals and that makes an amazing difference to people and their lives where and when mainstream banking lets them down. ? You see, ten years ago Dave spent six weeks in branch at a Credit Union as part of a 3-year programme of work and that experience has stayed with him ever since, he saw the single parent saving a pound here and a pound there for their child’s birthday or Xmas. The parent that put ￡5 a month into a savings account in the hope that it would give their child a start in life or support them through University. Dave has also seen it when things have gone terribly wrong in their life through no fault of their own and the horror stories that that brings forth, the mainstream lenders turning their backs and desperation sets in, thoughts of contacting?money lenders?and?loan sharks?start to permeate their thoughts, that’s when Credit Unions become the safety net and provide the advice and funds to their members to get them over a temporary emergency. ? So, on?International Credit Union Day?we want to say a heartfelt thank you to you all for doing such an amazing job. ? And finally we would like to make two points.... Firstly to people reading this post, Join and become actively involved in your local Credit Union the more people that engage with the movement the sooner we will change banking and financial services for the masses. Secondly as Parker Neal Limited are passionate about protecting people’s businesses and livelihoods we would like to give back to the movement with this offer: ? The first Credit Union that responds to us at?Parker Neal Limited,?we will provide them with a complete instance of our Threat Secure product which will cover: ? ?? Cyber and Physical Security Assessment ?? 10 days Penetration Testing ?? 12 days of a Chief Information Security Officers time ?? 12 monthly Threat Intelligence Reports ?? Cyber Essentials certification ? We will give you this for FREE, no catches no hidden agenda a sincere thank you for all that you do. - Dave Parker ? #WorldCreditUnionDay #CreditUnions #FinancialInclusion #CreditUnionMovement

The U.S. Department of Justice is intensifying its scrutiny on Paycheck Protection Program (PPP) loan recipients, focusing on outright fraud and technical noncompliance. Learn how to navigate these investigations and protect your business in this Perkins Coie Update. #PPPloans?#PPPfraud?#DOJ?#SBA

Holiday Insights from Credit Union Clients & How Cedar Financial Can Help Through recent conversations with our credit union partners, we’ve identified key trends and priorities to help navigate the busy holiday season. Here’s what they shared and how Cedar Financial is here to support them every step of the way: Fraud Prevention is a Top Priority: With increased transaction volumes, the potential for fraud rises. Our clients are implementing proactive measures to protect members. Cedar Financial can assist by offering advanced data tools to help identify fraudulent activity early and mitigate risks efficiently. Loan Demand is Surging: Members are looking for quick access to personal loans and credit. We understand that efficient lending processes are crucial. Cedar Financial’s debt recovery solutions help credit unions maintain healthy cash flow while reducing delinquency risk, ensuring financial stability during the peak season. Engaging Members with Personalized Outreach: Targeted holiday campaigns and promotions build loyalty and trust. We work alongside credit unions to manage accounts receivables seamlessly, helping maintain strong member relationships while balancing operational needs. Regulatory Preparedness: With year-end compliance deadlines around the corner, our credit union clients are focused on smooth operations. Cedar Financial’s compliance-driven approach ensures that collections and receivables align with regulatory standards, giving clients peace of mind. Supporting Internal Teams: Our partners are prioritizing flexible schedules and staff well-being to maintain high-quality service. Cedar Financial complements this by providing outsourced recovery services, taking some of the workload off internal teams without compromising member care. As the holidays approach, preparation is key to seizing opportunities while managing risks. Cedar Financial is proud to collaborate with credit unions to meet these challenges and end the year on a high note. What are your credit union’s priorities for the holiday season? Let’s continue the conversation! #CreditUnions #CedarFinancial #Holidays #FraudPrevention #MemberEngagement #Compliance