Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
NCUA sets Sept. 20 TDR webinar
ALEXANDRIA, Va. (8/30/12)--Loan workouts, nonaccrual policies and troubled debt restructured (TDR) loan reporting will be the top topics at a Sept. 20 National Credit Union Administration (NCUA) webinar.

The webinar, which is scheduled to begin at 2:30 p.m. ET, will be moderated by NCUA Office of Examination & Insurance Program Officer Lisa Dolin and will feature insight from NCUA Region III Specialized Lending Examiner Jeff Marshall, NCUA Office of Examination and Insurance Chief Accountant Karen Kelbly, and Sydney Garmong and Mark Taylor of consulting firm Crowe Horwath.

Recent NCUA supervisory guidance will be the focus of the webinar.

New NCUA TDR rules, which were released this spring, allow credit unions to modify TDR loans without having to immediately classify those loans as delinquent. The rules also set consistent standards for the management of loan workout arrangements that assist borrowers, and eliminate confusion between TDRs and other loan modifications.

Under the rules, credit unions need to establish their own written policies for management loan workout arrangements. These written loan workout policies must be completed by Oct. 1.

TDR loans, which have very specific accounting and reporting requirements, include certain loan modifications where a credit union or other lender grants a concession--often involving modification to the terms of a loan--to a borrower that it would not have otherwise provided based on the borrower's financial situation. The financial statement and call report treatment of TDRs are also unique.

To register for the free NCUA webinar, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
9 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
11 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
13 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
13 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
15 hours ago