FEDERAL WAY, Wash. (3/19/10)--The Washington Credit Union League is offering education to credit unions on small business lending. The Business Lending School in Federal Way, Wash., will teach credit union staff to effectively and safely underwrite business credit requests and to satisfy state and federal regulatory expectations for their business lending activities. “It’s no secret that banks have pulled back credit lines to small business since the financial collapse of 2008 and 2009,” said Washington Credit Union League President/CEO John Annaloro. “The state’s credit unions are fully capable of supporting member-owned businesses and filling the commercial lending gap left by banks.” Washington credit unions have 3.4% of the business lending market while banks control more than 96% (KNDU.com
March 18). The school’s curriculum includes:
* Mastering Accounting Practices for Various Business Types; * Unraveling the Financial Statement and Tax Return, and Cash-Flow Analysis; * Analyzing Business and Personal Financial Statements; * Developing Financial Projections for Credit Worthiness Determinations; * Developing Credit Administration Policies and Procedures; and * Analyzing Commercial Real Estate Credit Requests and Reviewing Commercial Real Estate Appraisals.