NAFCU Announces Partnership with SAS to Provide CECL Solution for Credit Unions

NAFCU Services announced today that SAS has become the newest Preferred Partner to join their program serving credit unions. The partnership was approved following a rigorous, independent review and voting process by credit union executives. Through this partnership, credit unions will have greater access to leading solution content for CECL.

SAS® Solution for CECL is a comprehensive, easy-to-use offering that provides robust modeling and analytics, workflow templates and reporting capabilities.

"A long-time advocate of the credit union community, SAS delivers industry-leading analytics that have helped modernize the entire financial services sector," said Randy Salser, president of NAFCU Services. "SAS’ robust and flexible solutions could not be more timely or vital to credit unions. We are pleased to name SAS a Preferred Partner in helping credit unions streamline and accelerate CECL compliance."

"SAS has long helped credit unions conquer their most complex data and analytics challenges around risk management, fraud, customer experience and more," said Troy Haines, Senior Vice President and head of the risk management division at SAS. "With increasing regulatory demands across the industry, compliance has never been more paramount. This relationship will help us expand our support of credit unions, providing the expertise and flexible, scalable CECL solutions they need to help make compliance swift and attainable."

About NAFCU Services

NAFCU Services connects forward-thinking credit unions to the best business partners. These vetted companies offer the latest in technology, security, risk management, and many other solutions. For more information, visit www.nafcu.org/nafcuservices and connect on Twitter @NAFCUServices. NAFCU Services is a wholly-owned subsidiary of the National Association of Federally-Insured Credit Unions (NAFCU).

This news release was issued by the National Association of Federal Credit Unions on March 9, 2020.

About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

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