Loan Officers Competency Course for Credit Unions
by: Mr. Rudolf Z. Gado, Assistant Marketing Officer
The Association of Asian Confederation of Credit Unions thru PFCCO-NATIONAL held a Training of Trainers on Loan Officer Competency Course (LOCC) last May 7-8, 2014 at Malolos Resort Club Royale Hotel, Brgy. Mabolo, City of Malolos, Bulacan.
The objective of this training/workshop is to empower the primary cooperative on how to assess the member/borrower by extracting his capacity on loan repayment.
Success and failure of primary cooperatives depends on the collection efficiency, but failure on collection can be avoided if proper tools for borrower’s assessments are applied during the loan processing.
Although most of the credit unions are aware on the 5 C’s of credit, the question is, are they using the tools properly? During our training it was clearly discussed by Mr. Ernan L. Palabyab, our speaker, that loan department and credit committee must be vigilant and must not be reluctant in approving loan applications.
Credit Unions must not suffer due to inefficient or poor loan assessment. A concrete report and information is very vital to assess the applications well.
Loan is not a right of a member, but indeed loan is an opportunity or privilege of the members and should not be wasted.
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