Following up on the NCUA Board's final rule on troubled debt restructuring in May, the federal regulator announced it will host a free webinar on the topic Thursday, Sept. 20 at 2:30 p.m. EDT.
NCUA experts and representatives of Chicago-based public accounting and consulting firm Crowe Horwath will discuss supervisory guidance recently issued to examination staff about implementing the final rule, which includes loan workouts and nonaccrual policy, and the regulatory reporting of TDRs.
At its May 24 meeting, the NCUA Board approved a final rule that requires federally insured credit unions to maintain written policies that address the management of loan workout arrangements and nonaccrual policies for loans, consistent with industry practice.
The final rule includes guidelines to assist credit unions in complying with the rule, including the regulatory reporting of troubled debt restructured loans in Call Reports. Participants are encouraged to review the final rule and its appendix before the webinar.
Registration is available online. Participants will be able to submit questions during the webinar, and can also submit questions in advance via email at [email protected]. The subject line should read “Loan Workout and TDR Webinar.”
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