Implementing your business services program will be just as challenging as any other new product introduction at your credit union. There are some key elements in "getting started" with business services, and Hill Creek Consulting can help ensure that you have a successful start. The typical project outcomes from one of our Implementation Projects are outlined below:
Account Procedures: An Account Procedures Manual for opening Business Accounts that can be adapted to existing procedures, including a checklist which identifies the documents that front line staff should request to open an account, depending on the corporate entity.
MBL Policy: A Business Loan Underwriting Procedures Manual that can serve as your "in-house" training manual, along with all the forms and worksheets that you will need to take a loan application, analyse the company and personal financial statements and write the credit approval memorandum.
Underwriting Procedures: A Business Loan Underwriting Procedures Manual that can serve as your "in-house" training manual, along with all the forms and worksheets that you will need to take a loan application, analyse the company and personal financial statements and write the credit approval memorandum.
CRE Loan Policy: If requested, a Commercial Real Estate Loan Policy that is written as an Addendum to the Member Business Loan Policy.
CRE Loan Underwriting Procedures: If requested, a Commercial Real Estate Loan Underwriting Procedures Manual, along with the all of the necessary templates and worksheets.
Software Selection: If requested, assistance with the selection and implementation of software alternatives for financial statement analysis and loan documentation.
Implementation Plan: A detailed Implementation Plan that includes all the steps necessary to launch the program.
