Black Book and Twenty Twenty Analytics Partner to Benefit Credit Unions
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GAINESVILLE, Ga. — Black Book and Twenty Twenty Analytics formed
a partnership this week aimed at benefitting credit unions nationwide.
Twenty Twenty Analytics, which specializes in helping credit
unions understand their asset valuation and the risks within their loan
portfolio, will use Black Book vehicle valuations to provide credit unions key
information regarding portfolio loss probabilities and how those losses
fluctuate given changes in the overall economic condition.
Officials insisted this data can then be used to recognize
areas of higher risk while identifying strong opportunities for growth.
"This partnership with Black Book is a testament to our
commitment in providing credit unions with a deep understanding of the
potential risk in their portfolios, while utilizing the most accurate values in
the industry," said Steve Miller, director with Twenty Twenty Analytics.
Jeff Bunch, Black Book's vice president of lender solutions,
added, "We have a great respect for the innovative approach Twenty Twenty takes
in understanding analytical data and the benefits that data provides credit
unions.
"We believe this partnership will have a great benefit for
credit unions," Bunch concluded.