Lending to Churches and Other Religious Institutions Webinar
This course will cover the major church lending risks and discusses how a bank can prudently manage these risks by exposing participants to the appropriate methods of analyzing and lending to Religious Organizations.
Webinar Description and Intended Audience
Non-Profit Organizations (“NPO”) generally comprise a smaller percentage of outstanding loans on the books of community banks however, they represent a risk that are quite unique. Bankers are not required to become an expert in this type of lending because the number of opportunities are few however, when you are approached with a request, you must know how to underwrite them. Most of these loans are extended to Religious Organizations (Churches). The skills required to understand and underwrite the credit risks involved in this type of lending is quite different from lending to For Profit Organizations (“FPO”). Unlike conventional loans, church loans have a higher risk level because they are typically un-guaranteed; the collateral is considered “Special Purpose” with limited resell value; the primary source of repayment is dependent upon contributions from parishioners whose behavior is often volatile if a difference of opinion on the church’s direction exists; the quality of financial statements may not be in compliance with Generally Accepted Accounting Procedures, among other risks. This course will cover the major church lending risks and discusses how a bank can prudently manage these risks by exposing participants to the appropriate methods of analyzing and lending to Religious Organizations.
This course will also review Statement of Financial Accounting Standards 117 (Required Financial Statements Presentation for NPOs). This Standard replaces Fund Accounting, which was used previously by NPOs for many years.
After completing this course the participant will be able to:
- Identify and understand the primary differences between the accounting principles for NPOs and the accounting principles for FPOs.
- Identify the basic information required to analyze Religious Organizations
- Analyze the financial statements and other information available from Religious Organizations
- Utilize key ratios used specifically for Religious Organizations
- Identify the risks of lending to Religious Organizations
- Structure loans to minimize the risks associated with lending to Religious Organizations
Who Should Attend?
Commercial Loan Officers, Consumer Loan Officers, Senior Credit Officers, Loan Review Officers, Compliance Officers, Branch Managers, Credit Analysts, Loan Support Personnel
Webinar Viewing Options
INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK! With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!
SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.