CDFI
Native Community Development Financial Institution
Lending authority, collateral guidelines, how to work out problems loans are all part of
Loan Policies
Planning, Directing, Organizing, Controlling
What does the (s) in CAMELS stand for
Sensitivity
A strategic plan includes what 5 components
Vision, Mission, Goals, Objectives, Workplans
Certification Requirements
Maintaining(blank) to its defined target market
Accountability
Character, Capacity, Capital, Conditions, Collateral
The basics of Credit Analysis
The 5 C's
The Statement of Activity is also known as
Income Statement
What does the "M" stand for
Management Capability
What document takes into consideration the organization's mission and market to develop products and services
A market analysis
T or F. My organization must be a certified CDFI to apply for the Native American CDFI Technical Assistance Application
False
Two types of lending products
Homeownership, Business, Consumer, Debt consolidation, Auto, etc.
Balance sheet
Demonstrates whether you have enough cash in the bank to operate without interuption
Liquidity
Name two types of Development Services
Financial education, HBE, Coaching, 1:1 sessions, Business plan workshops, assistance with applications, etc.
Certification requirements
Be a (Blank) Entity
Financing or Financial
Allow tax liens, making the loan larger, and paying the borrower directly are examples of
Mitigating a low credit score
Loan receivables will show up where on the financial statement
Asserts
Net Income and the Selft Sufficiency Ratio are examples of
A CDFI should plan to apply for at least how much of the total funds that it needs
125%
Certification Requirements
Be a (blank-blank, blank) and not be controlled by any governmental entities
Non-governmental entities
T or F: Loan procedures should be included in loan policies
False
The loan loss reserve is contra account found where
Balance Sheet
What does Asset Quality demonstra\te
Portfolio at Risk, Annual Net Charge Off Raion, Loan Loss Reserve Ratio
Needs Assessment, Planning, Capitalization, Evaluation Design, Report Impacts
Program Design