This course is designed to familiarize you with the procedures and laws involved in granting loans to members. You need to know how to judge the creditworthiness of loan applicants, the sources of credit information, how to check credit, how to act on an application, and about the many consumer laws that affect loan granting and recordkeeping. This course also presents information on various loan products.

Course Content:

• Applications and Lending Policies
• Reviewing the Applicant's Loan
• Loan Evaluation Systems
• Acting on the Application
• Truth-in-Lending
• Equal Credit Opportunity Act
• Variable-Rate Loans
• New Delivery Channels for Loans
• Future Trends for Lending

By successfully completing the optional exam, you can earn 2 credits for the CUNA Volunteer Certification Program (Level 1, Safety & Soundness) toward your Certified Credit Union Volunteer designation.