• An application should be included in the loan docs.

• There is no need to pull a credit report or require proof of income, but if we have access to this information, it should be included in the loan docs.

• Key the member's credit score on the Credit Score Tab under the Credit Bureau Score as 999 and leave the Credit Union Score side blank.

• Standard 4% interest.

• Any term length but preferred no longer than 10 years.

• Don't forget the pledge agreement in the loan docs!

• Add the account information in the collateral section in Loan Management in Forza and confirm that the account information is listed on the disclosures as the collateral.

• The balance secured in the savings at the beginning of the loan should match the beginning loan balance.

• The loan may be set up to secure the collateral for the entire term of the loan or so the secured balance decreases as the principal balance of the loan decreases. The member's choice should be indicated on the Pledge Agreement in the docs.

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