Member business lending has been an area of contention between the regulator and the regulated for some time. One business lending CUSO explained how it is helping its members read the examiners' tea leaves.
In recent meetings with the NCUA and talking with some of its 460 credit union clients, CU Business Group LLC, a Portland, Ore.-based business lending and services CUSO, discovered several trending areas that may be on the radar of examiners.
"It's not filtering through one examiner's opinion on how an MBL loan program should run or how a loan should be underwritten," said Larry Middleman, CUBG president/CEO, adding the CUSO invited the regulator to come review its operations. "We focus on those trends rather than just the one-off, realizing the direction of the NCUA in addressing the complexities of commercial lending.
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