In the competitive world of banking, precision is everything. If you’re looking for a way to sharpen your strategy, Strunk’s Pricing Manager offers a full-featured solution for loan and deposit pricing combined with a powerful relationship profitability tool. By utilizing this integration, banks have seen a proven increase in net interest income by the equivalent […]
Lenders often tell us they determine loan pricing by “pulling a number out of the air” or simply reacting to the competition. This approach puts your bank at a disadvantage. A loan pricing tool gives your lenders a crucial resource to ensure every deal they work on is consistent relative to other deals the bank […]
Bankers meticulously assess a borrower’s creditworthiness—standards we would never consider compromising on. Yet, when it comes to pricing decisions, a thorough evaluation of profitability often isn’t part of the equation. The Flaw in Current Pricing Methods The biggest problem facing virtually every community bank in the country is a widespread mispricing trend: we typically overprice […]
Strunk’s Pricing Manager is a full featured loan and deposit pricing solution and relationship profitability tool. It provides the ability to model pricing scenarios on individual loans, understand the pricing power deposits bring to the table and develop scenarios that work for both the borrower and the bank. The relationship profitability feature provides the ability […]
The Independent Community Bankers Association (ICBA) hosted this year’s LIVE event at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee from March 11-14. In addition to various roundtable discussions, ThinkTECH presentations, and Learning Labs attendees enjoyed visiting with vendors in the Expo Hall. The highlight of the event just may have been the […]
This year, the American Bankers Association hosted the Conference for Community Bankers in Phoenix, Arizona at the beautiful JW Marriott Desert Ridge Resort and Spa from February 16-18. Attendees kicked the event off with a golf tournament, some educational sessions and an exciting reception where they were able to reconnect. Speakers discussed topics such as […]
Is your financial institution using a pricing solution to consistently and more effectively price your commercial loans and deposits? If not, you should be and of the many reasons that your FI should consider implementing a pricing tool, here are the top ten: Every community bank is over-pricing their largest, most profitable customers, and underpricing […]
As you may know, on September 17, 2024 the CFPB issued a circular regarding ‘Improper Overdraft Opt-In Practices’. This circular outlines the CFPB’s guidance related to obtaining Reg E opt-in from consumers. In short, it represents a significant change to the interpretation of Reg E Opt-In requirements. Since Reg E requirements took effect on July 1, […]
Strunk is pleased to announce partnerships with several state banking associations across the country. The Community Bankers Association of Georgia, Kansas Bankers Association, Kentucky Bankers Association, Missouri Bankers Association, Nebraska Bankers Association, Tennessee Bankers Association, and the Independent Bankers Association of Texas have all provided endorsement of Strunk’s latest offering, Pricing Manager. Pricing Manager is […]
Strunk, LLC is pleased to share the news that we have recently completed our System and Organization Controls (SOC) 2 (Type II) Audit. The SOC 2 audit is one the highest recognized standards of information security compliance in the world. It was developed by the American Institute of CPAs (AICPA) to allow a third-party auditor […]
An independent certified public accountant has examined Strunk’s operations and found them to be in compliance with the AICPA’s Trust Service Principles. It was determined that Strunk meets the Security, Availability, Processing Integrity, Confidentiality, and Privacy criteria for SOC 2 established by the AICPA.
