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

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff!

When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

Can't attend at this time? Click here for the archived version.

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 August 30, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.