Calvin News

Calvin University finance students Lucas Frody, Trevor VanVeldhuisen, Andrew Vogt are the 2022 Risk Management Association Commercial Lending Challenge winners. The challenge included schools from seven universities throughout the state of Michigan. Each team evaluated and then presented to judges a case study in which they analyzed whether and how Great Lakes Bank should extend working capital, equipment, and real estate loans to Superior Office Surroundings, an office furniture manufacturer. Students first presented to the bank’s credit committee and then to the borrowing client.  

“Our students are well prepared to serve as credit analysts, as demonstrated by their winning the challenge,” said Professor Leonard Van Drunen. “The win reflects their ability to crunch numbers but also demonstrates their ability to understand and communicate the broader industry and economic context.” 

Two additional teams from Calvin participated in the challenge and included Mason Bailey, Kade Bouwer, Noah Buys, David Cremer, Nikita Hutanto, and Peter Olson.  

“Participating in the challenge is another way our students demonstrate their commitment to professional success,” added Van Drunen. “A role as credit analyst is a common first destination for an internship or entry-level position. Nearly every bank in the world employs a team of credits analysts to determine the types of loans it should provide customers. Participating in or winning the challenge provides yet another talking point when students are pursuing professional opportunities.” 

Calvin University School of Business alumni Vanessa Jebb-Swanson served as a mentor for the teams. The winning team took home $3,500 in prize money in addition to the real-world experience they need for the future.  

Learn more about Calvin University’s finance program at calvin.edu/go/finance.