Pennsylvania Credit Union Association

Business Advisory Services

Basics of Business Lending and Credit Analysis

Sound member business loan portfolios are filled with loans that are repaid from "cash Flow" not "the liquidation of collateral."  By the end of this session, participants will see why and how to implement these critical analysis practices at their credit unions.

For more information about Business Advisory Services and all its offerings, download the brochure.

Contact BAS Director Molly Snody at 800-932-0661 x 5209.

Pennsylvania Capital Access (PennCAP) Program for Credit Unions Launches

During a webinar on April 25, 2014, officials from the Pennsylvania Department of Community and Economic Development (DCED) unveiled the Pennsylvania Capital Access Program (PennCAP) for Credit Unions. The PennCAP Program for Credit Unions is a business loan guarantee program without a lot of bureaucratic red tape.

The DCED provides a credit union enrolled in the program with $25,000 in loan loss reserves, which are held in Trust by a third party. Each time a loan is originated by a credit union under this program, the lender deposits funds into the Trust equal to 0.5% to 3% of the principal amount of the loan; DCED, in turn, also deposits 2.5 times the amount of fees deposited by the lender on each loan. These deposited fees are added to the original $25,000 held in Trust, building the loan loss reserves for each credit union, helping to mitigate future loans on loans made under this program.

The loan loss reserves are non-loan specific; therefore, as a credit union writes off a loan made under this program, the credit union can decide to take as much or as little from the accumulated funds held in Trust to mitigate its loan loss.

Loans under the fund must be used for the purchase of land, building, equipment, and working capital. Loans are limited to $75,000 maximum, but there is no minimum loan amount. 

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For more information or to get started, please contact your Association Representative at 800-932-0661, or e-mail
Business Development / Sales
Central Pennsylvania

Russell Evans
VP, Business Development
& Membership
800-932-0661 x 5330

Western Pennsylvania

Monika Edlis

Sr. Account Executive

Eastern Pennsylvania

Angelique Pattillo
Account Executive