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CUBG webcast urges prudent MBL policies

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PORTLAND, Ore. (6/1/12)--Eighty attendees from 73 credit unions recently attended a free webinar hosted by CU Business Group (CUBG) to explain the credit union service organization's annual revisions its business loan policy template.

The webinar also included an update on the credit presentation CUBG underwriters use in reviewing member business loans (MBL).

CUBG updates its policy template annually and distributes it exclusively to member credit unions. The annual revision is intended to help credit unions incorporate the most recent regulatory changes and best practices CUBG has learned from its experience in credit union MBL.

The major revision made to this year's policy is a revamp of the risk-rating system to segregate commercial real estate income-property lending from commercial and industrial lending, creating a better match of cash flows to the risk rating. Other revisions include additional guidance on concentrations and the desired loan mix for business lending, and more detailed language on modifications, troubled-debt restructuring, and loan-loss reserves.

CUBG updated its credit presentation to focus more on balance sheet analysis and include more detail on business history, marketplace and management information, risk monitoring and loan exit strategies.

"We're really upping the standards for credit unions in business lending," said Lary Middleman, CUBG president/CEO. "It's not just about doing a simple income property loan and calling it good. Credit unions are looking to diversify, to get into commercial and industrial loans, and into full deposit relationships. This updated credit presentation allows us to accommodate these types of requests."

CUBG provides business lending, deposit and consulting services to credit unions nationwide.

WRG invests 1.6M to support Episys CUs

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PASADENA, Calif. (6/1/12)--Wescom Resources Group (WRG), a software and technology service solutions provider for credit unions, has made new investments in its service bureau solution.

The investments, totaling more than $1.6 million since November, are to support the credit union service organization's Episys-based credit unions in key delivery systems and platforms.

The investments include:

  • Two new IBM Power 740 Express Servers, featuring 16-core 3.55GHz processors. The servers will support Episys processing for more than 20 service bureau clients with Episys Virtualization Management.
  • Data Domain's tapeless backup across WRG's three technology centers in Anaheim, Calif.; Pasadena, Calif.; and Denver, Colo., growing WRG's existing business continuity design to protect real-time critical member data.
  • Interactive Voice Response support agreements, extending its TellerPhone audio solution through Intervoice for five years.
  • Installation of SMA's OpCon Enterprise information technology Automation and Job Scheduling product, to automate the Episys-based job processing for service bureau clients.