PASADENA, Calif. – Credit union giant Wescom CU yesterday said it has contracted with software developer SAS to provide it with credit loss forecasting services.
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With the SAS software, the $4 billion credit union hopes to better balance risk across all of its loan portfolios and incorporate the information into its collection strategies by collecting according to forecasted portfolio loss, rather than by risk score.
The credit union said it hopes to elevate credit risk management to the same level of scrutiny and diligence as interest rate risk management.
SAS is one of the world’s biggest software companies and is based in Cary, N.C.
