Oct. 15, 2012 – NCUA has posted online its recent webinar aimed at helping credit unions better understand a final rule on troubled debt restructurings that included changes NAFCU had advocated for.
Moderated by Lisa Dolin of NCUA's Office of Examination and Insurance and featuring Crowe Horwath consultants, the webinar examines how the final rule eases some of the reporting burden for credit unions relating to TDRs. It provides an overview of rules relating to loan workouts, nonaccruals, and TDRs.
The webinar also looks at the 2011 accounting guidance that preceded the final rule, and how the latter clarified what conditions give rise to a troubled loan. That guidance also changed the way credit unions must identify, track and reserve for such troubled loans through the allowance for loan and lease losses.
Prior to the release of NCUA’s final rule on TDRs in May, NAFCU had worked diligently for two years to make NCUA’s loan workout regulation less burdensome for credit unions. NAFCU is continuing to communicate with NCUA about how the agency can make additional improvements in the rule.
NAFCU hosted its own webcast on the subject in August, with Gregory Schwartz from CliftonLarsonAllen LLP highlighting how NCUA’s final rule impacts credit unions. The webcast has been archived on NAFCU's website and will available until Aug. 22, 2013.