January 14, 2021
10:00am – 12:00pm
Do not let your credit union’s current delinquency numbers and low bankruptcy filings give you a false sense of security. Most experts agree there is a tidal wave of defaults coming your way! Pandemic fatigue, high unemployment, new waves of layoffs and a fractured economy will not bring good news. Government stimulus packages can only help so much if your members are still in a financial hardship. It will not be long before the modifications, forbearances and other pandemic rescue options are exhausted, and the dormant delinquencies arise.
Even during the best of times, collections is a very tricky proposition. An effective collections process must include sound methods for communicating with troubled members, resolving the delinquency, recovering collateral on defaulted loans, and doing all of this while following an increasing variety of state and federal laws, rules, and regulations.
Join credit union attorney and collections guru David Reed for an exciting virtual training event as he highlights the latest techniques, tips, and trends to maximize your collections function in the new world order.
As a special bonus, after the 90-minute presentation, we have added a 30 minute fully interactive Question and Answer Session in order to allow additional time for your questions and related discussion. Please feel free to submit your questions live or in advance of the workshop.
This session will cover:
- Conducting a Collections Inventory and Risk Assessment
- New Methods for Scoring Default Risks
- Mining for Member Service Opportunities
- Appreciating Workout Options – From Consumer Loans to Real Estate
- Refining Repossession and Foreclosure Processes
REGISTER HERE. A link is also listed in original email. Upon registering, attendee will receive the Zoom session details.
$129 per connection
$65 – 25M and under
**Attendees will be billed after the session.
About Your Presenter:
David Reed, Attorney, author, consultant and nationally recognized trainer, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC. Through Reed and Jolly, Mr. Reed provides guidance to credit unions concerning a variety of matters including the establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance.
Questions???
Amy Shaw, ashaw@nebrcul.org
or 402-333-9405
