Collecting delinquent loans and managing loan losses can be a challenging process.

When it comes to your credit union’s commercial lending department, your team may be navigating some difficult questions, such as:    

• What would the impact of writing off one large commercial loan be to your overall organization? 
• What is the potential for loss if you had more than one write off?  
• What are your present collections procedures? 

Unlock the steps to safeguarding your loan portfolios with our comprehensive facilitated eClass, Commercial Loan Collection running virtually across three 90-minute virtual events on November 13, 15 and 18.  

This course is designed specifically for commercial lenders, collection employees, and commercial loan managers, and will equip learners with the essential tools and knowledge to mitigate risk and enhance the quality and profitability of your commercial loans. By the end of this course, a learner will be able to:  

• Effectively monitor their commercial loan portfolio 
• Identify the warning signs of default and bankruptcy 
• Understand the causes and types of delinquencies 
• Document activities accurately 
• Navigate the complexities when a loan goes into default 
• Comprehend the legal actions associated with receivership, bankruptcy, and foreclosure on real property 
• Master the process of seizing security 

We know that when it comes to loan collection, lenders may sometimes feel personally connected to the issue, especially if it involves a loan they have written. Effective communication and seeking win-win situations are key strategies. Additionally, being well-versed in the legalities of administering and collecting commercial loans is crucial, which includes knowledge of suits, seizures, and foreclosures. Lack of experience in collections and security realization can create issues for the lender, which makes education a key strategy in being prepared.

Join us for this valuable eClass and gain practical insights that you can apply immediately upon returning to your credit union.

Be sure to seize this opportunity to elevate your expertise and protect your credit union’s financial interests by registering here.

If you have any questions, please contact clientsolutions@ccua.com.