Credit Check

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• Credit Check
• Webinar
• June 21, 2012

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Credit Check Webinar

• Presenters
• Jay Frymark Director Parish Finances
• Jane Budney Director Parish Human Resources

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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

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Who else checks credit reports?
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Who is covered?

• Priests, Parish Directors
• Trustees
• Paid staff that regularly handles funds or the
  accounting thereof
• Volunteers and contractors are not covered

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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

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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

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Whats in a credit report? What will they look
for?

• Personal Information verify your data is
  accurate

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Whats 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

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Whats in a credit report?

• Negative/adverse information
• Delinquent accounts
• Bankruptcy
• Foreclosure
• Civil judgments
• Accounts referred to collection
• Garnishments
• Liens for nonpayment

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Negative/Adverse Information
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Whats in a credit report?

• Contact Parish Finance Office for assistance in
  interpreting reports
• Parish Finance will coordinate as necessary with
  Human Resources

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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

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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?

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Credit Report Resources

• Jay Frymark 414-769-3336
• Doug Miller 414-769-3377
• Jane Budney 414-769-3370
• parishfinance_at_archmil.org

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Questions Comments
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• Thank
• You