Learn to Analyze Non-Traditional Incomes to Qualify Member Loans with September eSchool

July 25, 2008

FOR IMMEDIATE RELEASE
Contact: Katye Long
CUNA Communications; (608) 231-4038
klong@cuna.coop

MADISON, Wis. – Credit union lending professionals will learn how to analyze and qualify loan requests from members based on “other” income sources during a CUNA eSchool beginning in September.

The Sept. 16-30 Using Tax Returns to Qualify a Loan eSchool will explore how to analyze a variety of forms and schedules to verify non-traditional incomes and determine a member’s ability to repay a loan.

This eSchool will also teach how to:

• Quickly obtain monthly net or gross income from a borrower's personal income tax return,
• Identify the information that borrowers hide and reveal in their own interest when applying for a loan, and how this may affect their borrowing ability, and
• Understand the forms involved in these non-traditional income situations and how to obtain the relevant information.

Additional CUNA eSchools beginning in September include:

The six-session CU Finance for Non-Financial Managers and Volunteers eSchool meets Sept. 16 – Oct. 21 to help those without a background in finance to better understand their credit union’s numbers. While the main focus is on understanding and analyzing financial statements, students will also come to better understand asset-liability management; budgets; ratios; accounting; and rates, risks, and returns.

The 10-session CU Spanish Certification eSchool, taking place Sept. 17 – Nov. 19, is designed for credit union staff with previous Spanish-language experience. The eSchool advances previous training and teaches vocabulary that is specific to the financial industry. Attendees will also study articles, adjectives, personal and object pronouns, verb conjugation, and proper pronunciation. Students also have the opportunity to earn their CU Spanish certification.

For a complete and comprehensive journey into leadership, CUNA offers the four-session Complete Credit Union Leadership eSchool, Sept. 9-18. The course will cover self-awareness as an element of leadership, mastering the art of giving and receiving critical feedback, the keys to creating intended outcomes, and the power of wellness.

An eSchool is a series of interactive classroom sessions that features live, real-time instruction from industry experts via the Internet and a telephone conference call. Students also have an opportunity to interact with the instructor and other participants through online chats and live discussion.

For more information or to register, visit training.cuna.org and select the “Webinars & eSchools” link; call (800) 356-9655, ext. 4249; or e-mail elearning@cuna.coop.

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About CUNA

With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves 90 percent of America's 8,500 credit unions, which are owned by more than 90 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit www.cuna.org.

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