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January 14, 2021<\/strong><\/span> Do not let your credit union\u2019s 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!\u00a0 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.\u00a0 It will not be long before the modifications, forbearances and other pandemic rescue options are exhausted, and the dormant delinquencies arise.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.\u00a0 Please feel free to submit your questions live or in advance of the workshop.<\/p>\n This session will cover:<\/p>\n
10:00am \u2013 12:00pm<\/strong><\/span><\/p>\n\n