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Studies stats on NCUA indirect lending webinar agenda
ALEXANDRIA, Va. (11/02/10)--The National Credit Union Administration (NCUA) has announced that the agenda for its Nov. 9 indirect lending webinar will include discussions of indirect lending red flags, best practices, guidance, case studies, and statistics. Q&A sessions also will take place during the webinar. The free webinar will begin at 2:00 p.m. ET and will “provide guidance, best practices and insights into indirect lending examination issues,” the NCUA said. NCUA Board Member Gigi Hyland will moderate the webinar, which will include input from NCUA Office of Examination & Insurance Director of Supervision Timothy Segerson, Office of Examination & Insurance officer Marcus Vander Wall, and Region V lending specialist Victoria Bennett. Risks associated with indirect lending include material shifts in balance sheet composition and increased credit risks, liquidity risks, transaction risks, compliance risks, and reputation risks, the letter said. In Letter to CUs 10-CU-15, which was released earlier this year, the NCUA warned that an "improperly planned or loosely managed indirect lending program can lead to unintended changes in the risk profile and financial performance" of credit unions. The agency in that letter recommended that credit unions mitigate these risks by properly establishing the goals and portfolio limitations for indirect lending programs, creating and following specific underwriting standards and vendor policies, and maintaining a "comprehensive, effective, and ongoing due diligence program." For the NCUA release, use the resource link.
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