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Credit Check
Webinar
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
[email protected]
Questions & Comments
Thank
You