Member business loans are often touted as a major area of opportunity for credit unions, but they also come with additional risk not the least of which are special concerns related to collections.
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A new white paper released by the CUNA Lending Council explores those concerns, detailing the role of commercial loan collectors within the credit union industry.
The white paper, entitled, "Commercial Collections: A Partnership Between the Collector and the Loan Officer" examines some of these key concerns and offers advice ranging from how to determine if a CU is prepared to offer MBLs to how to improve the CU’s collections program, and much more.
