Letters of Credit for Business Lenders – Recording

Description

Duration: 58 minutes

Letters of Credit (LCs) are formal documents that guarantee payment to a seller or beneficiary on behalf of a buyer – and a product your credit union should be offering!

LCs act as a form of financial promise, ensuring the seller will receive payment and are a common financial product used by small and mid-sized businesses. Many of your members may be using banks for this service, but they should be relying on you instead!

In this webinar from June 18, 2026, we will discuss why and how you should add letters of credit to your business product offerings. Learn about the different types of LCs, how to underwrite them, what the structure should be, and tips for marketing them to your members.

This webinar will discuss:
– Common types of LCs: Standby, Revocable, Irrevocable, and Revolving
– How they are used by businesses
– Properly structuring and underwriting these unique financial instruments
– Tips on documentation and monitoring
– Setting fees and terms

Purchase Terms & Conditions

After the order is approved, you’ll receive an email with links to download the education materials. After you download, you will be able to save the files to your shared network and use the training for your credit union going forward.

Educational materials are proprietary and are not to be shared outside of the purchasing credit union.