Educational Resources

• Too Good to Fail? New Challenges for Risk Management in Financial Services (Research Report)
  With regulators, boards and investors heavily scrutinizing risk management practices, effective risk management is more critical than ever. Financial institutions worldwide have initiated risk management measures to address the most glaring deficiencies exposed by the financial crisis. But have they done enough? Get answers in the findings from a survey of risk executives from around the world in early 2011.
• Insights on How to Run a Credit Union: Blending new technologies with traditional techniques (Whitepaper)
  Hear from five thought leaders as they discuss the opportunities and obstacles facing the financial services industry today as it moves firmly into the digital age.
• Avoiding Perfect Storms: Creating a holistic GRC view for early warning (whitepaper)
  This whitepaper from SAS offers a case study that illustrates the importance of integrating the elements of GRC using a detailed example involving key indicators covering performance, risk and controls. The case study will focus governance-related business pains, their causes and how an enterprise GRC solution addresses them.
• Enterprise Risk Management: What Credit Unions Need to Know (Podcast)
  

  Enterprise risk management is not just a process credit unions utilize to mitigate and manage the negative consequences of normal business operations. It is a practice of balancing risk and profitability. By understanding and managing the critical uncertainties that affect day-to-day business, credit unions can execute the proper strategies to achieve their performance goals in a post-financial crisis era.

• A Comprehensive Credit Assessment Framework (Whitepaper)
  The magnitude of the current crisis makes it abundantly clear that there is significant room - and need - for improvement in current credit assessment approaches. SAS identifies two fundamental problems that contributed to the weakened underwriting standards and degraded loan quality.
• Using Business Intelligence to Optimize Management Reporting (Webcast)
  SAS is one of the largest software companies in the world. Its software allows credits unions to gather, store, analyze and provide better access to data, empowering more efficient business decisions. Larry Wilson, CEO/President of Coastal Federal Credit Union, discusses how he uses key performance indicators to make decisions at his credit union.
• Using Business Intelligence to Manage Risk (Webcast)
  A key differentiator for credit unions is the ability to assess and manage risk more effectively than the competition. SAS is one of the largest software companies in the world. Its software provides a consistent, coherent approach to managing credit, market and operational risk throughout the enterprise. Jeff Hasmann discusses best practices for credit union risk management.
• Using Business Intelligence to Reduce Costs (Webcast)
  SAS is one of the largest software companies in the world. Its software allows credit unions to focus on creating operational efficiencies and saving money. Vince Zwadyk discusses best practices for achieving operational efficiencies and reducing costs at credit unions using existing data.
• Using Business Intelligence to Grow Members (Webcast)
  SAS is one of the largest software companies in the world. Its unmatched analytical power allows credit unions to grow membership. Jeff Gilleland provides credit unions with best practices for growing membership via the organization's existing data.
• Growing and Retaining Members (Article)
  In the midst of turbulent times, it is often comforting to look to history for insights that might help in navigating the future. For instance, Benjamin Franklin's observation that "an investment in knowledge always pays the best interest" offers some important advice for today's credit union executives on growing and retaining members. David Wallace guest-writes the "Inside NAFCU Services" column in NAFCU's The Federal Credit Union Magazine.

News

• Northwest Federal Credit Union fights financial crime with SAS® (March 21, 2011)
  CARY, NC – With fraud and financial crimes plaguing both small and large organizations alike, banking institutions of all sizes require technology to help stay ahead of criminals. Northwest Federal Credit Union (NWFCU) – a not-for-profit financial cooperative of 105,000 members, with assets in excess of $2 billion and five branch offices in northern Virginia and Washington, DC – uses SAS Anti-Money Laundering, part of the SAS Enterprise Financial Crimes Framework for Banking from the leader in business analytics software and services, to focus on fraud prevention and combat fraud on behalf of its membership.
• With SAS® software, Alliant Credit Union’s enhanced risk management program will lead market (August 31, 2010)
  CARY, NC  –  To strengthen its market leadership, Alliant Credit Union of Chicago has chosen SAS to upgrade its enterprise risk management (ERM) program. The seventh-largest US credit union based on asset size, Alliant chose SAS OpRisk Management from the leader in business analytics following a successful 2009 SAS Analytics implementation.
• Lafayette Federal Credit Union picks SAS® for predictive insight from operational data (August 17, 2010)
  Facing increased competition, credit unions struggle to work smarter while still providing superior member service. Lafayette Federal Credit Union (LFCU) wanted to predict and prepare for events and issues rather than simply react. With an influx of valuable data from multiple sources including core processing systems, LFCU needed to revamp its data infrastructure so it could consolidate and analyze data better.
• Alliant Credit Union to boost decision making and provide enhanced member service with SAS (May 18, 2009)
  In light of the increasing market complexity and volatility, institutions recognize an increasing need to make better and faster decisions in order to stay ahead of the competition. To help them remain a market leader, Alliant Credit Union, the eighth-largest credit union in the nation based on asset size, selected SAS, the leader in business analytics software and services.
• SAS Selected as NAFCU Services Preferred Partner for Business Intelligence, Predictive Analytics and Risk Assessment (June 10, 2008)
  WASHINGTON – NAFCU Services Corporation recently announced the selection of SAS, the leader in business intelligence, as its Preferred Partner for business intelligence, predictive analytics and risk assessment. One of the largest private software firms in the world, SAS software helps organizations make better business decisions.
• Wescom selects SAS to improve credit risk management (March 3, 2008)
  With rising delinquencies and credit losses nationwide, it is imperative that credit unions take a more global view of credit risk from a portfolio level. With this issue in mind, Wescom Credit Union, one of the largest credit unions in the US, chose SAS, the leader in business intelligence, to help better forecast portfolio credit loss.

Contact SAS Institute Inc.

Mary Jones | 919-531-7210
www.sas.com/creditunion
mary.jones@sas.com