U.S. Department of the Treasury Recommends Regulatory Relief for Community Banks and Credit Unions

U.S. Department of the Treasury Recommends Regulatory Relief for Community Banks and Credit Unions Though community banks hold less than 20 percent of the banking industry’s assets, they account for nearly 50 percent of small business loans. Why are small businesses more inclined to fuel their growth using community-based lenders, rather than regional or national

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Credit Unions Thinking of Ramping Up Commercial Loan Opportunities

Credit Unions Thinking of Ramping Up Commercial Loan Opportunities With recent changes to member business lending rules, credit unions have new opportunities to target areas of commercial and business lending that were previously unavailable to them. According to an article by the Philadelphia Federal Reserve, credit unions have been increasing their market share since 1998,

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Best Training Methods for Ensuring that Lenders Retain and Gain Information

Best Training Methods for Ensuring that Lenders Retain and Gain Information Last week, Omega Performance hosted a webinar to encourage lending organizations to incorporate our Case Study Library into their training. This unique approach to case-based application is designed to  help learners apply and expand their lending knowledge, and—when used in conjunction with foundational credit

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Simulation Learning: Advantages of the Virtual Workspace

Simulation Learning: Advantages of the Virtual Workspace When you think of simulation learning, you probably think of flight simulators for pilots, or medical simulations for healthcare workers. But what about simulation learning to help your financial institution’s employees become better lenders? Simulation is the artificial representation of a real-world process. It can help learners develop

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Omega Performance Releases New Case Studies Based on Your Feedback

Omega Performance Releases New Case Studies Based on Your Feedback Omega Performance continuously strives to provide you with high-caliber content. As part of that, we often reach out to our clients to find out how we can best meet their training needs. We recently surveyed our clients about the kinds of Case Studies they’d like

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Case Study Learning Approach – a Risk-Free, Accelerated Skill Builder

Case Study Learning Approach– a Risk-Free, Accelerated Skill Builder In a commercial bank environment, lenders with commercial or small business lending responsibilities must quickly develop higher-level analytical thinking to accurately evaluate credit risk. Analysis experience develops naturally over a period of years, as lenders work with different types and sizes of businesses, different industries, and different

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Close the Talent Gap with Credit Risk Training to Attract and Retain the Best Employees

Close the Talent Gap with Credit Risk Training to Attract and Retain the Best Employees Senior executives in the banking industry are retiring, and banks are hard-pressed to replace them. Intensifying the problem is the fact that during the Great Recession, financial institutions hired fewer bankers in their mid-30s and 40s. Moreover, technology has eliminated

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How to Reduce Credit Risk and Employee Friction at Banks

How to Reduce Credit Risk and Employee Friction at Banks Determined to increase sales and market share, banks continue to focus on external communications. They develop marketing and corporate communications strategies designed to reach target audiences and convert them to bank customers. Undoubtedly, developing strong external communications programs to reach audiences continues to be critical

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How Credit Risk Training Reduces Financial Losses and Increases Customer Trust

How Credit Risk Training Reduces Financial Losses and Increases Customer Trust The last decade in the banking industry has been challenging. The US economy has rebounded, however, and consumers are obtaining more products and services from banks. Banks remain overwhelmed by the aftershocks of the economic meltdown.   Post-crisis, many financial institutions still are working

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Credit Risk Training for Bankers: The Robust Response to Aggressive Federal Regulation

With the economy maintaining positive growth and banks relaxing lending policies to facilitate economic development, regulatory agencies respond by implementing additional lending rules. Over the past several years, there has been a rise in the number and complexity of bank regulations. That has increased costs of compliance to avoid those associated with noncompliance. Indeed, banks

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