Education
Upcoming Courses
Spring Term 2008: Credit & Collections
March 31 – June 9
The objective of this course is to develop knowledge of credit granting and collection techniques. It provides students with a comprehensive introduction to the extension of credit for all types of businesses, including credit unions, by examining the following topics: retail and service consumer credit, financing consumer credit, cash loan credit, real estate credit, management of consumer credit, the nature and role of credit decisions including credit investigation, numerical scoring systems, and credit limit setting, collection policies and practices, bankruptcy, commercial credit, business and government credit functions, control of credit operations, and international credit. From this course, any credit union staff will gain an understanding of the sources of consumer and commercial credit, the types of credit available, regulations governing credit, and the management of such credit. Such increased knowledge will help the student to understand the complexities and difficult credit decisions and enhance his/her working relationships with credit unions members and staff.
Fall Term 2008: Consumer Lending
September 22 – December 8
Making loans is why credit unions exist. They were founded as a device for pooling community resources to lend funds at affordable rates, enabling the most modest of the members to improve their lives with the use of borrowed capital. For this reason, it is important to understand the decision-making tools and information necessary for deciding on the vitality of a loan. This course will show students how to make the best use of credit reports and loan ratios, application reviews and credit scoring, interview guides and historical analysis. Students will learn the skills necessary to demonstrate that lending decisions are based on sound analysis of the applicant’s credit history and current financial capabilities.