Credit CheckWebinar
June 21, 2012
Credit Check Webinar
Presenters:
Jay Frymark – Director Parish Finances
Jane Budney – Director Parish Human Resources
Why Credit Reports?
Archdiocesan Council of Priests resolution
Tool to help parish leader assess potential issues
Adds another layer of due diligence
Initiate discussion to determine risk level
Who else checks credit reports?
Who is covered?
Priests, Parish Directors
Trustees
Paid staff that regularly handles funds or the accounting thereof
Volunteers and contractors are not covered
When is a credit report needed?
Priests and Parish Directors: upon appointment
Trustees: During nomination for (re)election
Paid staff: Upon hire
Effective on or after July 1, 2012
Priests, parish directors and staff: thereafter coincident with 5 year criminal background check
What is to be provided?
Only a Credit Report is requested, not a credit score
You may submit a report from Equifax, Experian or TransUnion
www.annualcreditreport.com/cra/index.jsp
Credit Reports are free every 12 months
What’s in a credit report? What will they look for?
Personal Information: verify your data is accurate
What’s in a credit report?
Credit accounts: loans, credit cards: look for unsatisfactory accounts, e.g., late payments, especially over 30 days, credit limits at maximum
What’s in a credit report?
Negative/adverse information: Delinquent accounts Bankruptcy Foreclosure Civil judgments Accounts referred to collection Garnishments Liens for nonpayment
Negative/Adverse Information
What’s in a credit report?
Contact Parish Finance Office for assistance in interpreting reports
Parish Finance will coordinate as necessary with Human Resources
Who will review my credit report?What happens after it is reviewed?
Priests and Parish Directors are reviewed by Rick Tank
Trustees and staff are reviewed by the pastor, administrator or parish director
Report is returned to individual or destroyed; no copies are retained
Concerns with the process:
Is it legal to request a credit report?
What should be done if a prospective trustee or employee will not furnish a report?
What about a current employee?
What if something is discovered that makes a person unsuitable for their position?
Credit Report Resources
Jay Frymark 414-769-3336
Doug Miller 414-769-3377
Jane Budney 414-769-3370
Questions & Comments
Thank You
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