When surveying credit unions’ commercial lending portfolios, regulators are especially interested in the policies credit unions have in place governing these loans, says Jared Ihrig, CUNA’s chief compliance officer.
“They’re looking for details in the policy and making sure they’re comprehensive and accurately reflecting the risks the credit union is exposing itself to,” says Ihrig, who addressed the 2019 CUNA Business Lending Certification School (BLCS) in Madison, Wis.
In this video, Ihrig details some commercial lending policy considerations credit unions should address, the biggest business lending compliance issues credit unions face today, and his main message to BLCS students.
Next year’s school will be held in Madison July 20-23. For more training opportunities, visit cuna.org/learn.