Premium Essay

J Fksla

In:

Submitted By sayree16
Words 4923
Pages 20
hgThe Importance of Loan Policies INTRODUCTION
Over the years, the fate of a credit union has been closely tied to how well it manages credit risk. A written loan policy, approved by a credit union’s board of directors and adhered to in practice, is of critical importance in ensuring that the credit union operates in both a safe and a sound manner. In today’s competitive and challenging lending environment, an up-to-date policy, appropriate to a credit union’s lending function and business plan, may be more important than ever. This Bulletin summarizes features and benefits of an effective policy, details warning signs and potential consequences of an outdated policy, and offers practical advice about reviewing and updating a loan policy.

ELEMENTS OF AN EFFECTIVE LOAN POLICY
Written loan policies vary considerably in content, length, and specificity, as well as in style and quality. No two credit unions share the same tolerance for risk, offer the same loan products, and face the same economic conditions. An effective loan policy should reflect the size and complexity of a credit union and its lending operations and should be tailored to its particular needs and characteristics. Revisions should occur as circumstances change, and the policy should be flexible enough to accommodate new lending activity without a major renovation.

During examinations, examiners will make a determination about the adequacy of a credit union’s loan policy. Examiners are guided in their review by rules, Department guidelines, and common sense: Is the policy up-to-date and are important areas adequately addressed? Commission Rule 91.701 details the areas that must be addressed in written loan policies. Regardless of a credit union’s size or location, a loan policy should address:

* General areas of lending * Lending authority of loan officers or committee *

Similar Documents

Free Essay

Business Letters

...J. J. Thomson J. J. Thomson Sir Joseph John Thomson, more commonly known as J. J. Thomson, was an English physicist who stormed the world of nuclear physics with his 1897 discovery of the electron, as well as isotopes. He is also credited with the invention of the mass spectrometer. He received the Nobel Prize for Physics in 1906 and was knighted two years later in 1908. Professional and Technical Writing/Business Communications/Letters Professional and Technical Writing/Business Communications/Letters Business Letters Business letters are written messages to a person or group within a professional setting. Business letters are used when the writer would like to be formal and professional. Letters may vary in length depending on the writer's objective, purpose, and message of the letter. The letter can address anyone including, but not limited to: clients and customers, managers, agencies, suppliers, and other business personnel or organizations. It is important to remember that any business letter is a legal document between the interested parties. These documents can be held for up to seven years, so it is important that all information is honest and legitimate. The Difference Between a Business letter and other letters The main thing that differentiates a business letter from other letters is that a business letter is a legal document. The writer can be held liable for anything written in the letter. For example, if it is stated...

Words: 1230 - Pages: 5

Free Essay

Biochem

...| UVA (mw/m2) | UVB (MW/m2) | | | IO | 59 | 263 | | | | | | UVA | UVB | Color | Thickness | | Average Attenuation Coefficient | Average Attenuation Coefficient | Green | 0.12 mm | 0.205 mm | 1661/m | -143. 9/m | Maroon | 0.13 mm | 0.25 mm | 1356/m | 1681.231 /m | Activity 1: Table 1:Initial Intensity In this activity, we measure first the initial intensity of UVA and UVB without the umbrella. We also measure for the thickness of two umbrellas, choosing the green and maroon colour of umbrella by getting the average of each colour. Then compute for the average attenuation coefficient of UVA and UVB of green and also for the maroon. Conclusion In this activity, we conclude that UVB has a greater intensity rather than UVA. Also the hue of the fabric of umbrellas has greater effect, the lighter the shade of the fabric the lower it protect against UV radiation. Activity 2: Experimental e/m ratio = 1.64 × 1011c/kg Accepted value of e/m ratio = 1.76 × 1011 c/kg % error = 6.18 % Table 2: Charge to mass (e/m) ratio Accelerating Potential (v) | 188 | Radius of the Helmhoitz coil (a) | 0.15m | No. of turns on each Helmhoitz coil (N) | 130 | Permeability constant (µO) | 4 π ×10-7 | Current through the Helmhoitz coils (I) | 1.66 | Radius of the electron beam path (r) | 0.037 | In this activity, we determine the charge to mass (e/m) ratio of an electron using the e/m apparatus. All units were given except for the radius of the electron...

Words: 439 - Pages: 2

Free Essay

Archibald Cronin. Beyond This Place. Summary

...“Beyond this place” is a novel written by Scottish author Archibald Cronin. The book was written in 1953. This detective story is about a brave man called Paul Marthy. He wanted to get his father out of prison because he was jailed unfairly and was imprisoned for 15 years. Paul was a young man. He was getting a teacher’s education. He was a good student and a wonderful sportsman. He lived with his mother, Mrs Burgess, in Belfast. She was quite unsociable and reserved. The first five years of his life Paul had spent in the North of England. He had very good relations with his father, Rees; they loved to spend time together. Later his family moved to Wortley. When they lived there, his father died because of a railway accident. Soon after that he and his mother, Hannah, moved to Belfast. When Paul was about 20 years old, he learned that his father didn’t die. He was accused of murder and taken to prison. As he was told, Rees killed Mona Spurling, a beautiful young woman who worked as a shop girl. The murder took place in Eldon, a district near Wortley. The police had 3 witnesses who had seen the murderer. They were Edward Collins, a driver of a laundry van, Louisa Burt, an Edward’s cousin who also worked in a laundry, and Albert Prusty, a neighbour of Miss Spurling. The murderer left 3 clues against himself. The 1st one was a picture postcard. The 2nd was a half burnt note. The last one was a money bag made of human skin which was lying near her body. The motive of murder was...

Words: 980 - Pages: 4

Premium Essay

Recentering Globalization

...Reviews Koichi Iwabuchi, Recentering Globalization: Popular Culture and Japanese Transnationalism. Durham and London: Duke University Press, 2002. 275 pp., including references and index. ISBN 0-8223-2891-7. In this book, Koichi Iwabuchi, a Cultural Studies scholar based in Japan, explores intellectual discourses, marketing strategies and audience consumption of Japanese popular culture in a transnational Asian context. In other words, he examines Japan's encounter with a 'modern' Asia by focusing on the diffusion of its commercialized popular culture. This has been made possible by the globalization of media, which itself encouraged an incipient expansion of a hitherto largely domestic-oriented Japanese media production system to other Asian markets. There have been two results from this expansion of mediated popular culture. In the first place, it brings into question the assumed hegemony of American mass culture (from Disney to McDonald's) and shows how, in East and Southeast Asia at least, Japanese contemporary culture is extremely significant – especially in the global cities of Seoul, Shanghai, Taipei, Hong Kong, Singapore and so on. Second, and more troubling so far as Iwabuchi is concerned, Japan's 'return to Asia' from the 1990s, when it began reasserting its Asian identity, contains echoes of World War II colonialism since Japanese tend to regard themselves as 'above' other Asian countries because of their superior technology and production capacity...

Words: 5521 - Pages: 23

Free Essay

Slob on My Knob

...Slob on my knob Like corn on the cob Check in with me, and do your job Lay on the bed, and give me head Don't have to ask, don't have to beg Juicy is my name Sex is my game Let's call the boys, let's run a train Squeeze on my nuts Lick on my butt The natural curly hair, please don't touch First find a mate Second find a place Third find a bag, to hide the ho face Real name Rover I said bend over I started to knock, then came the odor Smelled like mush Shouldn't had a woosh Told her to stop, and take a dush While she did that I didn't want the cat So I vamped out and never came back [Hook] Suck a nigga dick or something [4x] [Verse 2: Juicy J] My nigga D-Magic Said he had to have it I said just forget it, it's too crabby Know a little freak, in Hollywood Sucks on dick, does it real good She'll give you money, feel up your tummy House full of kids, parents all schummy Once had a down, backyard ground Hit it from the back Enjoy the sound Lay on the cover Always use the rubber Till I got caught, fucking with her mother She blamed it on me We fought in the street She pulled out a knife, so I had to flee Called up the boys Went to her house Charged the whole place Threw the bitch out Police busted in Where the niggas at We left just in time, and never came back Roll through the hood, waving at the freaks Who's sniffing all the rocks, and smoking all the geeks Made another stop Police station Saw a few cops Drove by and sprayed...

Words: 333 - Pages: 2

Free Essay

Strike Back!!!

...I would like everyone to know that I am JPop fan. I have nothing against KPop but to KPop fans who did nothing but to compare the two different fandom (KPop and JPop). At first, they say some bad things to JPop as a whole. Then later, insulting words are being thrown not only to the Japanese music but to the Japanese artists/idols too! As a fan of JPop, I did not like it one bit. And I decided to defend my fandom. It’s about time to JPop fans like me to voice our feelings, opinions about this matter. We have been so quiet for a long time. It is the time to STRIKE BACK! (By the way, my examples are the JE boys. I know that JPop isn’t all about JE but its just that for now, I’m focusing on them..=D) FACE THE FACT I know that Korean Pop Music or KPop is new and continuously increasing their popularity. Here in my country, the Philippines, KPop is popular. (I will not deny that fact!). Many Korean artists already have come here in the country to have concerts. They also appeared/featured in different local TV programs and KPop albums are available in some record bars. In KPop conventions, many KPop fans are attending to support and show their love to their idols. They are really supportive. The biggest factor that contributed to the KPop popularity here in the country is the Korean dramas aired in the local TV stations. (I know some KPop songs and they are the OSTs of the Kdramas I’ve watched.) On the other hand, JPop...

Words: 1223 - Pages: 5

Free Essay

The Changing of the Hong Kong Idols Popularity in 80’s to 90’s and Now

...The changing of the Hong Kong idols popularity in 80’s to 90’s and now From the 80’s to 90’s, it was the great moment of Hong Kong entertainment industry. Hong Kong’s idols were very popular, because of their competent, for example, Leslie Cheung Kowk Wing. He was not only popular in Hong Kong, but also in Asia and the world. Leslie Cheung was the first foreign artist to hold 16 concerts and got the best artist in Japan. Also, he was the record holder as the best-selling C-pop artist in Korea. His record had not broken by others. However, it changes, the idols in Hong Kong are not popular as than the Japanese and Korean idol nowadays. In can be seen from the charts 2.1that the about half of our interviewees like to listen the Korean music. 36% of them like the Japanese music. But only 16% of them like Canton pop. In addition, there are only 11 of interviewees, their idols is from Hong Kong. However, compare to Japan and Korea, there are around 39 of interviewees’ idols from Japan and Korea (Figure 2.2). The most interviewees said the reason why they like Japanese idols and Korean idols more Hong Kong idols is that they were multifaceted development (Figure 2.3). Most of idols from Japan or Korea, they are not just only well in singing, but also well in dancing, drama, films and host. For instance, Arashi and Super Junior are the popular idol group from Japan and Korea. However, look back to Hong Kong idols nowadays, the idols seldom doing the music, film, drama and host...

Words: 592 - Pages: 3

Free Essay

Japanese Football History

...History of Japanese Football Christopher Hood casts a learned eye over the history of Japanese football, on both club and national level. Japanese football has yet to make much of an impression on the world stage, despite Hidetoshi Nakata's having made his mark with Perugia and Roma in Italy's Serie A. The general perception however is that Japan is new to football and not very good at it. In fact, football has a long history in Japan. Football reached Japan within ten years of the foundation of the Football Association (FA) in London in 1863, with matches taking place between some English teachers and their pupils in Tokyo and among Western sailors in Kobe in 1871. The officially recognised date for the birth of football in the country is in September 1873 with a game at the Naval Academy in Tokyo Bay organized by a British officer, Archibald Douglas, and his men. The amused Japanese spectators assumed it was a version of kemari, an ancient Japanese ballgame connected with the Shinto religion. The first competitive match in the country is reputed to be the 1888 game between the Kobe Regatta and Athletic Club and the Yokohama Country and Athletic Club, a rivalry that continues to the present day. It was not until 1921, however, that the Japanese Football Association (JFA) was established. After reports reached London of the All Japan Schools Soccer Tournament held in Osaka in 1918, the English FA magnanimously dispatched a replica of the FA Cup as a gift to the fledgling...

Words: 2007 - Pages: 9

Free Essay

Company Analysis 2016 of Travel Centers of America

...Company Analysis for BUS 4999 Team Members: Zane Gallman Ambre Franc Joel Brown Julieanna Rosa ------------------------------------------------- TABLE OF CONTENTS SUMMARY OF THE COMPANY Page 3 KEY PERSONAL Page 5 ORGANIZATIONAL STRUCTURE Page 8 MISSION, GOALS AND OBJECTIVES Page 9 ORGANIZATIONAL CULTURE AND LEADERSHIP Page 11 CURRENT STRATEGIES Page 12 INDUSTRY/COMPETITION Page 17 MARKETING AUDIT Page 19 FINANCIAL REVIEW Page 22 ANALYSIS OF MODELS Page 29 SWOT Page 29 FOUR FACTORS OF THE COMPETITIVENESS ENVIRONMENT Page 35 PORTER’S FIVE FORCES Page 39 BCG MATRIX Page 41 ABEL’S STRATEGY OF DEVELOPMENT AND EVOLUTION Page 42 HOFER’S MARKET LIFE CYCLE Page 43 PRODUCT LIFE CYCLE Page 44 HALL’S COMPETITIVENESS Page 45 VALUE CHAIN ANALYSIS Page 46 MCKINSEY’S 7S Page 47 STRATEGY OPTIONS FOR DOMESTIC V. GLOBAL COMPETITION Page 49 HUSSEY’S DIRECTIONAL POLICY MATRIX Page 50 PORTER’S DYNAMIC DIAMOND Page 51 MAIN PROBLEMS AND ALTERNATIVE STRATEGIES Page 52 WHO, WHEN AND HOW Page 54 FINAL CHOICES Page 55 APPENDICES Page 56 ------------------------------------------------- SUMMARY TravelCenters of America (TA) is one of the largest full-service travel centers in the United-States. Their main Customers are mainly professional truck...

Words: 9142 - Pages: 37

Free Essay

Art of Sleeping

...The success of Art of sleeping is yet to reach its peak but has significantly increased in the past year with the success of their new EP ‘Like A Thief’. Art Of Sleeping were recently signed with Dew Process and exploded into high rotation on Triple J with ‘Empty Hands’, their immensely personal and cinematic single. This emotive brand of indie-rock has been the trend du jour of 2012 and probably has been since the rise of Boy & Bear, Matt Corby and The Medics; so Art Of Sleeping hit at exactly the right time. The bands new EP reached Top 100 ARIA Chart debut and an invitation to partake in an Official ARIA Showcase next month. This is the first release to chart for Brisbane group. Prior to the release of Like A Thief, the band had released several singles that picked up significant radio play on Triple J. And also recently completed a national tour called Above the water prior to the EP’s release which included special guest tigertown. They also went on tour with Paper Kites as a supporting act, performed at Big Sound 2012 and Fat As Butter 2012. National touring came with these hits, more exposure, more support. Still, success took the band completely by surprise. Since they were notified that ‘Empty Hands’ was added to triple j, the band haven’t really stopped. The Band will also be going on its Like a thief tour down the east coast of Australia starting in there home town of Brisbane at The Zoo. Sydney will be the next in line, where Art of Sleeping have been welcomed to...

Words: 530 - Pages: 3

Premium Essay

T.J. Rodgers Sister Gormley Case Study 5-1

...Cypress Semiconductor Corporation DATE: TO: COPY: FROM: SUBJECT:   Background March 27, 2013 T. J. Rodgers, President, and CEO For eyes only Vibha Kant, Vice President – Investor Relations REVIEW OF RESPONSE LETTER TO SISTER DORIS On April 23, 1996, Cypress received a letter from the Sisters of St. Francis of Philadelphia. The latter is a religious congregation of approximately 1,000 women and was, at the time the letter was written, the beneficial owner of a number of Cypress shares. The letter was a form letter, and it carried the stamped signature of Doris Gormley, OSF. In the letter, Sister Doris, speaking for the Sisters of St. Francis of Philadelphia as a Cypress shareholder, expressed the view that a company "is best represented by a Board of qualified Directors reflecting the equality of the sexes, races, and ethnic groups." The letter went on to say that it is the congregation's policy "to withhold authority to vote for nominees of a Board of Directors that does not include women and minorities." In response to the letter, an individual wrote an argument in defense of our current selection process. On top of this defensive argument, the writer outlined the pitfalls associated with investors questioning our practices on the grounds of creating “responsible corporations”. This response letter is detailed and outlines facts and figures to support its claims concerning these pitfalls. Yet, this letter espouses its point using a confrontational tone and terminology...

Words: 942 - Pages: 4

Premium Essay

Catcher in the Rye

...T he Catcher in the Rye is set around the 1950s and is narrated by a young man named Holden Caulfield. Holden is not specific about his location while he’s telling the story, but he makes it clear that he is undergoing treatment in a mental hospital or sanatorium. The events he narrates take place in the few days between the end of the fall school term and Christmas, when Holden is sixteen years old.As Holden goes out to the lobby, he starts to think about Jane Gallagher and, in a flashback, recounts how he got to know her. They met while spending a summer vacation in Maine, played golf and checkers, and held hands at the movies. One afternoon, during a game of checkers, her stepfather came onto the porch where they were playing, and when he left Jane began to cry. Holden had moved to sit beside her and kissed her all over her face, but she wouldn’t let him kiss her on the mouth. That was the closest they came to “necking.” Holden leaves the Edmont and takes a cab to Ernie’s jazz club in Greenwich Village. Again, he asks the cab driver where the ducks in Central Park go in the winter, and this cabbie is even more irritable than the first one. Holden sits alone at a table in Ernie’s and observes the other patrons with distaste. He runs into Lillian Simmons, one of his older brother’s former girlfriends, who invites him to sit with her and her date. Holden says he has to meet someone, leaves, and walks back to the Edmont. Maurice, the elevator operator at the Edmont, offers to...

Words: 3301 - Pages: 14

Free Essay

Adx Comparison

...The DMI, or Directional Movement Index, was developed to determine how much directional movement - or trend - is in a market. It is often combined with the Average Directional Movement Index (ADX) study. The DMI is plotted as two lines. You can determine Bullish or Bearish trend direction by two directional indicator values - +DM and -DM. The calculation determines the relationship of the current close to the previous close. If the current close is higher, a greater value is placed on the +DM and a lower value on the -DM. This means in a strong trend, the lines will move in opposite directions, and in a correction or sideways move they will converge. There is also a calculation connected to a range, Average True Range, or DMIATR, so if a range begins to contract in a trend, the lines may also begin to converge as momentum slows. The formulas for determining DMI and ADX are not complex. You must first determine the Directional Movement - DM - for the current trading interval. After several more mathematical steps, a DM value between zero and 100 is determined. DMI can be used as both an entry and as an exit tool. As an exit tool, the chart shows the DMI and the DMI Difference, or DDIF. Although the DMI study does have a limit of scale, it is very rare for it to get near to those limits especially on the upside. Therefore, the DMI Diff can be used to gauge levels of Overbought and Oversold. When the difference is greater than 30, except in very strong trends, it indicates the...

Words: 1346 - Pages: 6

Premium Essay

Leading by Values

...9-411-097 REV: JULY 21, 2011 WILLIAM W. GEORGE Leading by Values: Sam Palmisano and IBM In 2002 Sam Palmisano became chairman and CE O of IBM, succeeding the legendary Lou E Gerstner. Gerstner, coming from RJR Nabisco and before that American Express, was sought out by the IBM board to replace John Akers as CEO when the c ompany was facing the greatest crisis in its s history; Gerstner took over IBM’s helm in 1994. IBM w as on the brink of bankruptcy, with many r shareholders pressuring management to capture near-ter m value by divesting pieces of IBM. At the time, Gerstner was viewed as one of the few executives w ho could save the compan . ny When Gerstner arrived on the scene, internal IBM te ams were considering splitting IBM into as many as 13 smaller companies, each of which could com pete as an independent en y. Ironically, in ntit the 1980s under the leadership of former CEO John Opel , IBM had fought off an anti-trust suit from the U.S. government seeking to break up IBM into mult iple companies because of its dominance of t the mainframe computer business. In this same time fram AT&T was ordered to separate its longme distance service, local telephone service, manufacturing a nd R&D into independent companies. Gerstner quickly concluded that breaking up IBM wo uld be a mistake of historic proportions. He l recognized that IBM had drifted from its roots of provid ing superior customer service and offering complete systems to its customers...

Words: 3253 - Pages: 14

Free Essay

Marriott

...The purpose of this memo is present the analysis and answer the questions revolving around the Project Chariot, the Spin-off that allowed Marriott to separate its business activities in its world famous hotel management business and a separate real estate business in 1994. This project involves the splitting up the company into two separate entities, Marriott International Incorporated (MI) and Host Marriott Corporation (HM) in order to minimize the debt burden and improve the financial health of the company after severe effects from real estate market crash and the slowdown in the business in early nineties. The description of Marriott Corporation, key issues faced by the corporation, details about the proposed Project Chariot and the alternatives and consequences of implementing Project Chariot is reported in the following sections. 1) The first analysis is the impact assessment for the parties and stakeholders of Marriott: According to the reorganization plan MI would operate hotels and include Marriott’s service businesses. It would also own Marriott’s trademarks, trade names, reservation and franchise systems. HM would own Marriott’s hotel properties and undeveloped real estate. It would also operate food, beverage, and merchandise concession in airports and toll-road rest areas. Impact Assessment for: a) Shareholders: the project would give each shareholder one share of the new Marriott International Inc. (MI) for each share of Marriott, so since no cash would be...

Words: 1098 - Pages: 5