Loan Modifications – Understanding COVID-19 Guidance for Credit Unions

On-Demand Webinar Available Until April 22, 2021

Register Now For On-Demand Access

The COVID-19 crisis has placed significant pressure on the economic system across the world including credit unions. Based on legislation from Congress, as well as guidance from regulators, credit unions are encouraged to provide loan modifications to their members that are affected by COVID-19. This session will review the accounting and regulatory compliance considerations related to modifying loans due to COVID-19.

Key Takeaways

  • Review guidance on generally accepted accounting principles (GAAP) reporting considerations related to COVID-19 loan modifications
  • Gain clarification on what’s considered a trouble debt restructured (TDR) loan as defined by GAAP
  • Discuss tips for addressing regulatory compliance implications of modified loans
  • Understand guidance on call report considerations of loan modifications

Register Now For On-Demand Access
Registration is free, but you must register to attend.
One registration gives your entire credit union access to the on-demand recording until April 22, 2021.
Already registered? Go to the Online Training Center to view live.

Who Should Attend?

  • Chief Financial Officers
  • Vice Presidents of Finance
  • Controllers

Education Credits

  • NCCOs will receive 1.5 CEUs for participating in this webinar.
  • NCRMs will receive 1.5 CEUs for participating in this webinar.
  • CPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Associate Director of Education, NAFCU
  • Learning Objectives: Review guidance on generally accepted accounting principles (GAAP) reporting considerations related to COVID-19 loan modifications. Gain clarification on what’s considered a trouble debt restructured (TDR) loan as defined by GAAP. Discuss tips for addressing regulatory compliance implications of modified loans. Understand guidance on call report considerations of loan modifications.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended Field of Study: Regulatory Ethics - Technical
NASBA Sponsor Logo

National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webinars

Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

Presented By

A.J. Eschle, Principal, Financial Institutions
A.J. Eschle

Principal, Financial Institutions

Justin Robinson, Director, Financial Institutions
Justin Robinson

Director, Financial Institutions