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Lenders can demystify how business income impacts creditworthiness

October 5, 2023

CUNA announced its CUNA Understanding Federal Tax Returns eSchool will take place in three live online sessions Oct. 12, 16, and 19.

“Designed for credit union professionals who review members' tax returns for various loan purposes, this three-part course clarifies tax forms, schedules and income calculations,” said Kathy Smith, instructional design manager for CUNA. “The eSchool focuses on understanding income sources, true cash flow and non-cash add-backs for self-employed borrowers and members with diverse income streams.” 

Endorsed by CUNA Lending Council, this unique program offers credit union-focused insights led by Crystal Dowd, chief credit officer at CU Strategic Services and well-known in the commercial lending space. The eSchool aims to enhance participants' confidence and abilities in evaluating a member's or applicant's financial condition through tax returns. 

Scheduled sessions are: 

  • Individual Federal Tax Returns, Part One 
  • Individual Federal Tax Returns, Part Two 
  • An Overview of Federal Tax Returns Filed by Businesses 

Lenders, account opening representatives, operations staff and others involved in assessing creditworthiness within credit unions will greatly benefit from the specialized information shared during this eSchool. Recordings will be available until December 31, 2025. 

Registration is now open, and additional information can be found at CUNA's website