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.