The NCUA is hosting a free webinar on risk-based lending on Oct. 22.

Tom Penna, an economic development specialist from the NCUA's Office of Small Credit Union Initiatives, will “provide an overview of risk-based lending and how it has become an important part of consumer lending,” according to an NCUA press release issued on Tuesday.

Susan George, CEO of the $13 million Lake Shore Federal Credit Union in Angola, N.Y., and Kelly Haaksma, CEO of the $56 million Greater Chautauqua Federal Credit Union in Falconer, N.Y., will also participate.

“The two will share how they use risk-based loans in their own credit unions to better serve their members and increase loan volume and income, while mitigating unnecessary risks,” the release said.

“Risk-Based Lending—More than a Loan Pricing Tool” will be held on Monday, Oct. 22, at 2 p.m. EDT. 

“The webinar will also feature useful reporting tools that a board of directors and management can use to get a better understanding of the risks present in a credit union's loan portfolio,” said the release.

Registration is now open and participants can submit questions in advance at [email protected].