Home2016August 2016 - Young & Associates, Inc.

August 8, 2016

By: Jeanette McKeever, CCBIA, Consultant and Internal Audit Operations Manager There is risk in every aspect of the banking industry and the regulatory environment seems to continually change. As to the governance and control functions of the banking industry, it may be refreshing to the board of directors, audit committee, and executive management to have...

August 8, 2016

By: Debra Werschey, Consultant and Manager of Secondary Market Services In determining whether there is a significant defect on a loan, the quality control reviewer must give due consideration to the severity of the defect. In addition, the defect must relate but not be limited to one of the following: 1. The underwriting of the...

August 8, 2016

Effective DATES: The final rules are effective July 11, 2016. Banks must comply  with these rules by May 11, 2018 (Applicability Date). Summary Banks have not been required to know the identity of the individuals who own or control their legal entity customers (also known as beneficial owners). This is viewed as a weakness of...

August 8, 2016

By: Sharon Jeffries, Human Resources Manager The Employee Retirement Income Security Act (ERISA) requires plan administrators (employers) to give plan participants in writing the most important facts they need to know about their health benefit plans. One of the most important documents participants are entitled to receive automatically when becoming a participant of an ERISA-covered...

August 8, 2016

By: Stephen Clinton, President, Capital Market Securities, Inc. Market Update The economy continued to move forward into the seventh year of post-recession recovery. The first quarter growth in the U.S. economy was 1.1%. The following summarizes certain issues we think are worth watching: Brexit shook the markets in June. Britain’s vote to leave the European...

August 8, 2016

By: Gary J. Young, President and CEO For 30 years, I have had the pleasure of working with community banks across the country in developing a strategic plan. Yes, my first strategic planning engagement was in 1986. I recently completed a strategic plan for a great bank in Alaska, the first one in that state....

August 8, 2016

LendingIs Credit Risk Rising?

Loan Review Observations and Recommendations for Effective Risk Management By: Tommy Troyer, Executive Vice President Over the recent past, there have been a number of public assertions, warnings, or observations that credit risk is rising in the banking industry. These statements have come in many forms, and while we do not intend to present an...

Connect with a consultant

Contact us to learn more about our consulting services and how we can add value to your financial institution