In this difficult economic environment, more and more credit unions are finding creative solutions to help their members through loan modifications. Some loan modifications will result in trouble debt restructured (TDR) loans which have very specific accounting and reporting requirements. Join us for this webinar and learn the basics of TDRs before your next regulatory exam or audit.

During this webinar, you will:

• Identify accounting guidance and principles over TDRs and other real estate owned (OREOs) loans
• Find out when a loan modification results in a TDR
• Learn how to measure loan impairment for a TDR
• Review the unique disclosures for TDRs in both the financial statement notes and the call report filed with the NCUA
• Learn the accounting measures for OREO properties at the three stages of its life

Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff!

Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.

A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.

Attend this webinar live on September 7, 2010

Access this archived webinar

Affiliation with CUNA/League is required for attendance.

Chris Vallez

Chris has been associated with Nearman, Maynard, Vallez, CPAs since 1991, during which time he has advanced to the position of partner. As a partner, he is responsible for all aspects of certified audit and agreed upon procedure engagements. Chris has performed numerous audits of both federal and state chartered credit unions.

In addition to being a partner of the firm, Chris is Chairman of the firm's Accounting and Auditing Standards Committee. Chris has volunteered on the American Institute of Certified Public Accountants (AICPA’s) Depository Institutions Expert Panel and the Steering Committee for the AICPA National Conference on Credit Unions. In addition, Chris has helped review the AICPA’s audit guide Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies and Mortgage Companies.

The last day for cancellations was September 6, 2010. Substitutions are accepted anytime prior to September 7, 2010 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.