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Article: Business Lending Can Be Rough Business: Trio Has Advice To Help Credit Unions Protect Themselves.
- Article from:
- Credit Union Journal
- Article date:
- June 12, 2006
- Author:
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAS VEGAS -- Credit unions frequently are urged to offer (or expand) business lending products and services for their members. But are credit unions truly prepared to take on what can be a bruising market?
Three experts-one of whom cautioned that the level of fraud in commercial lending is far higher than statistics may indicate-had advice, insights and warnings in answering that question before the National Association of CUSOs (NACUSO).
Those experts included Scott Smits, risk management executive for the financial institutions group of consulting and accounting firm Crowe Chizek and Co., who, detailed the intricacies of construction and commercial ...