May 122012
 
May 2012 Coalition Power Breakfast – Daryl Newell
At the May 5, 2012 Coalition Power Breakfast, Mr. Daryl Newell, Senior Vice President of Urban Partnership Bank (and member of the COAL Board of Directors, as well as Treasurer),  discussed the relevance and importance of community banking to moving a community forward. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by individuals who understand the local needs of families and businesses; community bank employees often reside within the communities they serve.

 

Mr. Newell discussed the uniqueness of Urban Partnership Bank (UPB) in actively working to transform urban neighborhoods, by building strong wealth to respond to the needs of the community. In comparison to other community banks, UPB devotes the time necessary to collaboratively consult with their customers. UPB provides loans and valuable investment strategies, as well as other financial resources.

 

Mr. Newell provided valuable industry and personal insights into the lending process, credit-worthiness, entrepreneurship and the skills required to position oneself for upward mobility.
Key points:

–    Five Cs Model (factors considered) for credit-worthiness

  1. Character
  2. Capital
  3. Capacity
  4. Collateral
  5. Conditions
     (Think how your lender thinks when involved in the lending process.);

–       4M Analysis – consists of a review of management’s ability to obtain the materials required in a market and money made and reinvested by management;

–     Four upward mobility skills

  1. Entrepreneurship
  2. Education
  3. Industrialization/Technological skills
  4. Being a ‘middle man’
     (The more skills one attains the greater your chance for an improving quality of life.);Lastly, Mr. Daryl Newell stressed the considerable amount of planning that is necessary before and after the start of small and local entrepreneurship, and encouraged interested individuals to consult with UPB, as their mission is “listening to the voice of community”.A few pictures from the Breakfast:

 

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