Small credit unions with an eye toward business lending are the target audience for two free webinars on the topic announced Wednesday by the NCUA.
|The first webinar in the series, “Strategy and Policy,” isscheduled to begin on Tuesday, Sept. 17, at 2 p.m. Eastern. Thesecond, “Underwriting,” will be offered Wednesday, Sept. 25, alsoat 2 p.m. Eastern.
|Employees from the NCUA's Office of Small Credit UnionInitiatives and Region IV's Division of Special Actions willexplain the agency's requirements for a successful member businesslending program. Webinar participants will also hear from a creditunion business development specialist who will discuss,step-by-step, how to start a safe and sound program.
|“Prudent member business lending is an important investment incommunities, and it strengthens a credit union's balance sheet,”Chairman Debbie Matz said. “Credit unions are frequently the onlylenders willing to make small loans to expand a car repair shop,start a daycare center or open a corner bodega. Member businesslending also diversifies credit union portfolios and improves theirability to withstand economic cycles.”
|Registration for both the Sept. 17 webinar and the Sept. 25 webinar are open and available online.
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