What People Are Saying:

Loan Monitoring and Risk Management

We're in year three of our relationship with CUBG. They are thorough to say the least - the file write up and re-underwriting they do is unequaled. If something is unusual or lacking - it will be called out to your attention.

Chris Oldag, SVP Lending
Patelco Credit Union
San Francisco, California

After the business loan is closed, periodic analysis is an essential step to ensure ongoing credit quality. Throughout the entire term of the loan, your credit union needs to be able to answer the following questions:

• Is cash flow from the business still adequate to cover the debt?
• Does the loan file contain current financial statements, tax returns and other necessary documents?
• Does the business have adequate insurance coverage, and is it current?
• Are the UCC filings and other collateral requirements in place and up to date?
• Is the credit union’s review, analysis and conclusion properly documented in the file?

CU Business Group can help with the necessary monitoring and follow-up on the loan. Our loan monitoring service provides a periodic review of the financial health of the business as well as industry and economic conditions that may adversely affect the business. We also ensure your loan file documentation is updated and requirements such as UCC filings and insurance are in place. The following summarizes the specific activities included in our loan monitoring services:

• Periodic credit analysis
• Updated risk ratings and loan classifications
• Loan file documentation
• Financial statement reviews
• Tax return and cash flow analysis
• Collateral adequacy
• Insurance requirements
• UCC filings and updates
• All other regulatory requirements
• Assistance with past due credits