During this turbulent banking environment, credit unions across the country are searching for ways to to hit growth objectives without greatly increasing risk. For some, the solution is business lending. In this historically bank-dominated area, many credit unions are finding success after their experience with the Paycheck Protection Program (PPP). Whether it's expanding relationships with members or diversifying the balance sheet, member business lending (MBL) could be exactly what your credit union is looking for.
Join this webinar to get practical tips on how start and maintain an effective MBL department. As with anything, there are some risks, but they can be mitigated with a sound strategy and underwriting processes.
Join to learn:
• How to kick-start your member business lending department
• Specific MBL challenges and how to overcome them
• Strategies for using SBA 7a lending moving forward as risk mitigator
Paula King, CPA
Paula King, CPA, is Senior Advisor for Abrigo Advisory Services, assisting financial institutions with CECL, credit processes, model validations, and recently, the SBA’s Paycheck Protection Program forgiveness process. A former banker and bank co-founder, she has held executive positions (CFO, Chief Risk Officer and Chief Compliance Officer) and has more than 25 years’ experience across all aspects of banking including financial and asset/liability management, credit, services and product development, and director responsibilities.