Credit Check Webinar June 21, 2012

1. Credit Check Webinar June 21, 2012

2. Credit Check Webinar • Presenters: • Jay Frymark – Director Parish Finances • Jane Budney – Director Parish Human Resources

3. 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

4. Who else checks credit reports?

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

6. 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

7. 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

8. What’s in a credit report? What will they look for? • Personal Information: verify your data is accurate

9. 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

10. What’s in a credit report? • Negative/adverse information: • Delinquent accounts • Bankruptcy • Foreclosure • Civil judgments • Accounts referred to collection • Garnishments • Liens for nonpayment

11. Negative/Adverse Information

12. What’s in a credit report? • Contact Parish Finance Office for assistance in interpreting reports • Parish Finance will coordinate as necessary with Human Resources

13. 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

14. 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?

15. Credit Report Resources • Jay Frymark 414-769-3336 • Doug Miller 414-769-3377 • Jane Budney 414-769-3370 • parishfinance@archmil.org

16. Questions & Comments

17. Thank You