CUES Member Community

  • 1.  Unsecured Loan Limits

    Posted Aug 20, 2019 12:24 PM
    Good Afternoon All:

    When underwriting an unsecured loan application, do you take into consideration the total unsecured credit limits a member has when evaluating total exposure?. Or are you more concerned with the unsecured exposure with your institution only?

    Also, when utilizing the total unsecured limits, what percentage do you use to calculate a theoretical monthly payment?

    Thanks in advance.

    Frank Hunt
    Central Wisconsin CU
    Plover WI