How do we treat lines of credit when reporting loans granted year-to-date?
• Report 1 loan granted year-to-date for any line of credit (including credit card loans) that has an advance on it in that year — in any given year, the CU would either report “1” (one or more advances in that year) or “0” (no advances in that year). The amount reported would include all advances in that year.
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- How do we treat lines of credit when reporting loans granted year-to-date?
