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Lending

Credit unions are there for members' milestones in life and when the unexpected happens. Lending is the avenue through which your credit union touches members. Let your League assist you with developing your lending procedures and sharpening your competitive edge with these essential training sessions.

Contact your League's Debra Scott at 800.768.3344, ext. 614 or dscott@vacul.org for information about the following services. 

Lending Process

You will explore each stage in the lending process – including reviewing the application, the loan interview, analyzing the information, and closing the loan.  

Lending Regulations

Knowing the federal laws, rules and regulations that credit unions, as lenders, have to comply with is important. You will review the Equal Credit Opportunity, Truth-in-Lending, Home Mortgage Disclosure, Fair Credit Reporting, and other laws.

Loan Underwriting

Underwriting is a critical part of the lending process. You will take an in-depth look at the crucial elements of underwriting – ability to pay, willingness to pay, and adequacy of loan collateral. Underwriting the marginal application will be discussed as well. 

Successful Collections

Learn best practices that are utilized to achieve successful collections. You will become educated in classifying past-due accounts, collection techniques, and dealing with special delinquency problems.