One Destination for ALLL
The allowance for loan and lease losses (ALLL) is a complex requirement for banks and credit unions and has been under increasing regulatory scrutiny since the 2008 financial crisis, when under-reserved institutions suffered. This scrutiny, along with complex and changing regulatory expectations, has made it difficult for banking professionals to manage the allowance calculation.
To date, banking and credit union professionals have relied upon disparate sources of information to help in the ALLL calculation. This process often proves time-intensive and potentially expensive.
ALLL.com aims to help bankers by providing them with a singular destination to access resources and advice on how to prepare, manage and strategically plan for the ALLL calculation. Moreover, ALLL.com houses a community forum through which bankers can seek peer collaboration and answers to questions that stem from the allowance.
Have feedback on the site or ideas we should cover? Send us an email at: contact@ALLL.com.
Want to learn more about Sageworks ALLL? Let us know.