Grown over 75 years, JCCS has built substantial experience in working with and serving financial institutions of all sizes. The industry is subject to numerous and ever-changing regulations, as well as highly volatile economic factors. Our team of specialists strive to provide insights and expertise to ease some of those burdens. And while we have a historical focus of serving credit unions, we are knowledgeable and experienced across banking and the entire financial institution industry.
The challenges currently facing financial institutions are unprecedented. Narrowing profitability and net interest margins are being dragged down due to persisting revenue recession. At the same time, the overhaul of credit loss accounting brought on by the new CECL standard demands time, resources and a significant shift in approach.