Deposit services are key to moving your credit union from a transactional lender to a full service financial institution for the businesses in your community. It all starts with the business checking account but quickly moves through the process of developing and or upgrading your current package of services to a program that best fits…
From Nick Reynolds, VP/Credit Services Manager While appraisal reviews are a necessary step to ensure that the appraisal is accurate and compliant, they are also a critical component of the loan underwriting. Many of the findings that result from performing an appraisal review are key to include in the credit write-up and in making a…
Proper risk monitoring throughout the life of the loan is critical in identifying potential problems before they become big issues. Simply doing an annual review on the loan isn’t always enough, as things can change quickly. Frequent touches of the loan can be effective and efficient. To aid credit unions in this, CUBG recently enhanced…
The MBL final rule, which significantly amends regulation 723, and will allow credit unions greater flexibility in business lending, was published in the Federal Register on Monday, March 14th. In accordance with the change on personal guarantee requirements that will take effect on May 13, 2016, CUBG will issue a revision to the personal guarantee…