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#11: Awareness and Action Spurred by #BlackLivesMatter | Laurie Stewart

Credit Risk Ready

Release Date: 08/20/2020

#43: Risk Appetite: The Battle between Lending & Credit (and how both can win) | Ancin Cooley show art #43: Risk Appetite: The Battle between Lending & Credit (and how both can win) | Ancin Cooley

Credit Risk Ready

Lending and Credit have a different outlook on risk. Sometimes it seems like a battle. And yet, both groups need a volume of performing loans to carry the day. Today we'll look at how risk appetite, usually a purview of the Board of Directors and Management, impacts the loan originators as well. And how they can work together to help each other get everyone to the finish line.   Resources: Synergy Credit Union Consulting: Synergy Bank Consulting: YouTube: Linkedin: Interagency Credit Risk Review Guidance:   About Ancin Cooley: Ancin Cooley is certified and certifiable. He is a...

info_outline #42: Credit Risk Review in (and Out of) a Pandemic Recession | Ancin Cooley show art #42: Credit Risk Review in (and Out of) a Pandemic Recession | Ancin Cooley

Credit Risk Ready

Loan review is always an important risk management function. Some would say it becomes more important in turbulent times. I would say that good loan review practices even when we are on easy street, set the stage for successfully weathering the turbulence. Today we will focus on the loan review function, and how the pandemic might, or might not, impact it. Resources: Synergy Credit Union Consulting: Synergy Bank Consulting: YouTube: Linkedin: Interagency Credit Risk Review Guidance:   About Ancin Cooley: Ancin Cooley is certified and certifiable. He is a CIA (Certified Internal...

info_outline #41: Prudent Pandemic Loan Concessions: How Will the Regulators See It? How Can We Prepare? | Ancin Cooley show art #41: Prudent Pandemic Loan Concessions: How Will the Regulators See It? How Can We Prepare? | Ancin Cooley

Credit Risk Ready

How are the regulators approaching examinations with 2020 in the rear-view mirror? Is it the same or different than past examinations? And how will it change as we start into a recovery? We cover why you need to: Create criteria for pandemic-related modifications and show they are followed Document current conditions and the basis for deciding the problem is short-term Show the regulators how the sausage is made in loan decision-making   Resources: Synergy Credit Union Consulting: Synergy Bank Consulting: YouTube: Linkedin: Interagency Credit Risk Review Guidance:  ...

info_outline #40: Pushing Out of Your Comfort Zone: How to Master Difficult Conversations in a Virtual Meeting | Allison Shapira show art #40: Pushing Out of Your Comfort Zone: How to Master Difficult Conversations in a Virtual Meeting | Allison Shapira

Credit Risk Ready

You need to: reach out to your borrowers, in tough times and in triumph. present your ideas to your mentor lender, or the loan committee, in a way that accomplishes your goals and advances your career. connect with a prospective borrower and pull them in to your client base.   Many people find those situations challenging and uncomfortable. In this episode, Allison Shapira, will move you into your comfort zone when using the virtual format to have a challenging conversation.   Resources: YouTube: Book: Websites:   About Allison Shapira: Allison Shapira is a former...

info_outline #39: Sales and Marketing: Strategy Questions to Help (and Assess) Your Business Borrowers | Joel Block show art #39: Sales and Marketing: Strategy Questions to Help (and Assess) Your Business Borrowers | Joel Block

Credit Risk Ready

Success in business is dependent on success in sales and marketing. In this episode we will tackle three key strategies successful businesses employ.   If you lend to businesses or business owners, understanding these keys to success will lead to more helpful relationship-building conversations and an improved ability to assess the likelihood of their continued success. Bonus, you can use these ideas in your sales activities, as well.   Resources: Winners take the Inside Track. Here's the Intel you need to join them... Podcast:   About Joel Block: Joel’s a futurist and...

info_outline #38: Higher Expectations in Virtual Meetings: Are You Ready? | Allison Shapira show art #38: Higher Expectations in Virtual Meetings: Are You Ready? | Allison Shapira

Credit Risk Ready

As we get 'back to work', expectations for polish and impact in virtual meetings will go up. The casual, lowered expectations during the recession will be replaced by an assumption that you are back in a completely professional mode. You need to reach out to your borrowers, in tough times and in triumph. You need to present your ideas to your mentor lender, or the loan committee, in a way that accomplishes your goals and advances your career. You need to connect with a prospective borrower and pull them in to your client base. In this episode, Allison Shapira, will move you back into...

info_outline #37: Futurenomics: The Snapshot You Need to See Today | Mary C. Kelly show art #37: Futurenomics: The Snapshot You Need to See Today | Mary C. Kelly

Credit Risk Ready

The economy is in freefall, or chugging right along, or recovering...depending on who you listen to, who you are and what business you are in. Perhaps today's news headlines have your stomach in knots. In this episode, we'll focus on how to decide what indicators should be in your snapshot to keep you centered on your borrower's needs.   Resources: Book: Website:     About Mary C. Kelly: From her days as a naval intelligence officer to her role as one of today’s most influential economists, Commander/Dr. Mary C. Kelly has carved out an unforgettable career in leadership....

info_outline #36: Gauges the Board and Management Should Be Watching While Emerging From the Recession | Tim Harrington show art #36: Gauges the Board and Management Should Be Watching While Emerging From the Recession | Tim Harrington

Credit Risk Ready

As we emerge from the Global Pandemic Recession, the Board and Management have critical indicators to watch closely. Some of them are the usual, some of them are specific to recovery from a recession. Some of them will worry the regulators. In this episode, we'll discuss what to keep an eye on as we emerge from the recession. Resources: Book: A Credit Union Guide to Strategic Governance:    Book: Eisenhower on Enlighted Leadership:    Blog:  Lenders’ Tax Analyzer Software:   About Tim Harrington: Author, consultant and international speaker, Tim Harrington...

info_outline #35: How 'Invisible Capital' Helps Your Business Borrowers Succeed | Joel Block show art #35: How 'Invisible Capital' Helps Your Business Borrowers Succeed | Joel Block

Credit Risk Ready

Learn what our most successful business clients are (or should be) considering now to solidify their successful transition ...or to recover ... from the challenges of the pandemic recession. We focus on what our guest calls 'invisible capital', how we think about, innovate and align our business. Here are the three we have time for today: Consider (and reward) contrarian thinking Test your ideas in the marketplace to get feedback Specialize, and then partner with others who specialize in other areas   Resources: Winners take the Inside Track. Here's the Intel you need to join...

info_outline #34: Leadership Succession Planning for Business and Banking | Mary C. Kelly show art #34: Leadership Succession Planning for Business and Banking | Mary C. Kelly

Credit Risk Ready

How does the lender recognize that a business is (or should be) in leadership succession mode? How long before the owner plans to exit should they start this process? What are the steps? How has the pandemic recession upended their plans?   Resources: Book: Website:     About Mary C. Kelly: From her days as a naval intelligence officer to her role as one of today’s most influential economists, Commander/Dr. Mary C. Kelly has carved out an unforgettable career in leadership. Former chief of police, professor, realtor and HR Director – Mary has spent over 25 years teaching...

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Banking has a role to play in pushing back against systemic racism. As law enforcement and health care communities work on overcoming racial bias and disparity, Laurie challenges those of us in banking with some ideas and suggestions to do our part.

 
Topics discussed in this episode:
 
3:09 Understand that it's broken.
4:35 We have to be a little harder on ourselves.
7:43 Confirmation bias in lending and credit
10:27 Redlining and historical racism in lending
11:30 Redlining or lack of understanding?
13:03 A conversation of equals
14:12 Having the hard conversations in a safe environment
16:23 Recognize it is going to be hard, and then invest in it.
 
About Laurie Stewart:
 
Laura Lee (Laurie) Stewart, president and CEO of Seattle-based Sound Community Bank celebrates more than 30 years at the helm of Sound Community Bank. In that time, she led the conversion of the organization from a $38 million credit union to a commercial bank which grew to be more than $718 million in assets.
 
Stewart maintains a long history in community banking and participation in industry affairs. Stewart currently serves as the Chair of the American Bankers Association, representing the Nation’s $18.6 trillion banking industry and the employment of more than two million workers. She also holds a position on the board of directors for the Federal Reserve Bank of San Francisco’s Seattle Branch.
 
Previously, Stewart served as Chair of the Board of Directors of the Washington Bankers Association (WBA), where she helped create the WBA’s Executive Development Program. In addition, Stewart was one of 14 bankers selected to serve on the inaugural FDIC Advisory Board in 2009, and in 2012, she was named to the Community Bank Advisory Council of the Consumer Financial Protection Bureau.
 
In 2019, she was named Community Banker of the Year by American Banker and received an Executive Excellence award from Seattle Business Magazine. American Banker also named her as one of its Most Powerful Women in Banking in 2011, 2015, 2017, 2018, and 2019.
 
Sound Community Bank
 
 
Resources:
 
From the American Bankers Association
Call for Change: A message from the ABA President and the Chair
 
Resources to help banks achieve Diversity, Equity and Inclusion Goals
 
 
Linda's recommended reading:
 
The Fragile Mind: How It Has Produced and Unwittingly Perpetuates America's Tragic Disparities by Dr. Jarik Conrad
 
In The Fragile Mind, Dr. Conrad not only provides insight into what daily life is like for African Americans and individuals who are poor, he offers as innovative approach to overcoming these challenges based on what scientists have uncovered about the human brain - its brilliance, as well as its fragility.
He demonstrates how conscious and subconscious actions taken by Whites have maintained their social, political, and economic dominance, while conscious and subconscious actions taken by African Americans and poor people have contributed to the perpetuation of their subordinate status in America
 
 
The Millionaire Next Door by Thomas J. Stanley
 
This book may shatter your assumptions about who is, and who is not wealthy, by appearance alone. While not specifically about race, it is a great reminder to set aside our biases and evaluate borrower credit risk on objective factors.