October 12, 2020 - 3:44pm
#1
Good Afternoon,
I am performing the annual Allowance of Loan Loss audit and I would like to ask you if could share with me the method that the Risk Management department uses at your Credit Union to perform the monthly calculation.
In particular I would like to know the following:
1) Which are the adjustment factors you use,
2) Which adjustment factors you have added after COVID-19
If it's easier for you to upload a spreadsheet with a brief explanation, please, do so.
Thank you!
Giacomo D'Adamo CCUIA
Internal Auditor
Vibe CU
Waterford MI
(248) 212-2916
