He described one deal in which a group of 13 credit unions, all working with CUBG
, made participations to service a $45 million commercial loan.
No obstante, en la composicion del citado Comite si se revelan diferencias importantes, dado que el CUBG
recomienda la necesidad de formarse exclusivamente por consejeros externos, con un minimo de tres, sin perjuicio de que, si los miembros del Comite asi lo aprueban, puedan asistir a las diferentes sesiones consejeros ejecutivos o altos directivos.
As credit unions become even more active in business lending, CUBG
is encouraging members to use a risk-based, holistic and quantifiable pricing methodology via a simple, yet comprehensive tool like MMi, the CUSO said.
It wasn't that CUBG
's model was flawed but the NCUA wanted something more robust, said Jim Clark, CUBG
SVP and chief credit officer.
One participant said using a national bank makes his business seem larger and more sophisticated, while using a credit union would make his clients think he was a smaller organization, according to CUBG
The organizations teamed up in an effort to help credit unions become a one-stop shop for business members, CUBG
To that end, CUBG
is planning to roll out a business lending staffing survey in the first quarter of 2013.
The CUSO's upgraded credit presentation now focuses more on balance sheet analysis and includes more details on business history, marketplace and management information, risk monitoring and loan exit strategies, according to CUBG
In August, CUBG
will survey attendees at its annual conference on their business services staffing levels to create a benchmarking database.
Middleman said based on a recent CUBG
survey, 90% of the CUs served by the CUSO either have RDC now or plan to implement it in the near future.
According to CUBG
President/CEO Larry Middleman, "if we remove the 10 worst performing CUs, the average delinquency rate changes to 3.
Drawing on his more than 30 years of financial services experience, CUBG
President/CEO Larry Middleman has seen the cycles, the recessions and how the "go-go days" of lending can impact loan decisions banks and credit unions make.