Retail Lending
Commercial Lending
Loan Administration
Member Care
Pot Pourri
100

Down payments must be:

What is Verified?

100

What two requirements must be fully discussed in a credit application?

What is Debt service capability of the borrower and of the guarantor?

100

What action is taken when a borrower is in violation of the terms of their loan agreement?

What is A breach letter is sent? 

100

What dollar amount of shares must a Member buy to be a voting Member?

What is $25.00?

100

What tool is used to determine if a Phase 1 Environmental assessment is required?

What is Environmental Assessment questionnaire?

200

The level of energy costs must be included in the calculation of:

What is TDS/GDS for uninsured mortgages?

200

Measures to ensure all loan and account behaviour is called a:

What is Basic Review?

200

Accountant produced financial statements are required when:

What are New commercial credit facilities above $1 million with different year ends and different owners?

200

Use of interest rate discretion above normal discretion must be:

What is Approved and signed  by a higher authority and in the file

200

What must be noted in all credit approvals?

What is Connected Party Exposure?

300

In loan applications, what should also be verified if there are connected parties?

What are Connected party loans?

300

What activities should a lender use when assessing complete credit risk of a file:

What are Borrower analysis, financial analysis, guarantor analysis, lease analysis?


300

Appropriate covenants are to be utilized in analysis of financial performance. These are:

Debt Service Covenant

Debt to Equity Covenant

Working Capital Covenant

300

The most common credit requests are:

What are mortgages, loans and lines of credit?

300

How many branches does Kindred Credit Union have?

What is eight?

400

How many residential units are allowed before the borrowing Member has to apply as a commercial loan?

What is four units?

400

All changes made to Credit applications need to be:

What is Properly documented and signed off by the appropriate authority?

400

When are Compliant Certificates required?

What is For any operating loans reliant upon margin security over $3 million?

400

Our borrowing Members are categorized as:

What are:

Personal & residential

Commercial, Ag, Churches and non-profits

Institutional


400

Who pays for a Phase 1 Environment assessment?

Who is the Borrower?

500

Collectibles, art, grand pianos and precious metals are considered what on an application?

What are personal assets that don't count on an application?

500

To confirm the adequacy of an appraisal of a $1 million plus deal we use:

What are NOI and Cap Rate calculations?

500

What Kindred program monitors whether any exceptions to credit policy were identified and properly signed off?

What is the Loan Quality Assurance Program? A focus for 2022 and beyond!

500

What percentage of Kindred Membership have borrowings with us?

What is 29%?

Industry average is 37%

500

How often should an annual review be done?

What is Exactly?

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