Products and Services Offered Through This Provider
Consumer Loan Portfolio Risk analysis and Collateral Valuation, Proactive Credit Card Credit Line Management Solutions, Peer Analytics and Self-service Loan Portfolio Analytics
Who is 2020 Analytics?
2020 Analytics is the premier loan portfolio analytic service provider for credit unions. The Clearwater, Fla., Company has more than 60 collective years of credit union industry knowledge, providing risk analysis of commercial and consumer loans, and identifying unique environmental factors that affect credit union portfolios. The team consists of financial consultants and certified public accountants who have experience with audits, due diligence, National Credit Union Administration (NCUA) regulatory exams, and Financial Accounting Standards Board (FASB) standards.
How Do Credit Unions Benefit From This Strategic Alliance?
By analyzing your credit union’s loan portfolio, Twenty Twenty Analytics can measure your collateral, grade your loans, validate your allowance, and stress test your portfolio. This expertise is a critical component of managing a loan portfolio that faces evolving markets, pressure to increase loan growth while reducing charge-offs, and examination stressors.
Why This Provider over Another?
The 2020 Guaranteed Solution: At 2020 Analytics we are so confident in the work that we do and the quality of services that we offer that we guarantee your satisfaction. If at any point you determine that our models and tools don't meet or exceed your expectations, you can opt out or pay us based on your assessment of the value—even if that amount is zero.
- 2020 has experience helping credit unions successfully navigate challenging exams by working face-to-face with NCUA examiners and auditors.
- 2020 will perform your risk analysis and explain the results to you, in contrast to software-based providers that leave you with an application and an instruction booklet.
- 2020 understands loans and risk. By reviewing your loan portfolio, they can find opportunities for growth and pricing.
- There's no startup time, because 2020's models are customized to your data. They are discussing your results within a few weeks, as opposed to other providers that may take several months before you begin to see results.
- 2020 clearly spells out the costs to complete the analysis. Other providers generally start at a low monthly fee that quickly adds up as you need additional services.
Ready to Get Started?
- For more information, contact Brenda Halverson, CUNA Strategic Services alliance manager, at 800-356-9655, ext. 4110, or bhalverson@cuna.com.
More Information About 2020 Analytics Solutions
2020 Analytics is constantly adapting its services to meet the needs of an evolving industry, both from a regulatory and operating standpoint. Services include:
- Consumer Loan Portfolio Risk Analysis and Collateral Valuation: Multi-dimensional solutions that provide a “credit quality grade” at an individual loan level based on the current characteristics of your borrower and their collateral. This risk-based approach is widely accepted by the NCUA in reviews of credit union loan portfolios.
- Proactive Credit Card Credit Line Management Solutions: Evaluate your credit card loan portfolio to identify members who me be candidates for proactive credit line increases. This is a full-service customizable solution including FICO Scores, Debt to Income and Total Income Estimates from TransUnion.
- Peer Analytics: This platform gives you the ability to see how your credit union truly stacks up against others in your peer group. Create your peer group based on NCUA region and/or asset size, and dynamically set risk-based pricing tiers to match your credit union’s underwriting.
- Self-service Loan Portfolio Analytics: TTAData, is the industry's first self-service loan portfolio analytics, data warehouse and peer analysis platform. TTAData allows credit unions to update information at any time and digest actionable business intelligence in minutes on any connected device.
