Compliance Center: NCUA Issues Accounting Bulletin on Reporting TDR Loans
NCUA adopts revised reporting policy for troubled debt restructuring. Plus question of the week and legal briefs.
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NCUA Updates Exam Guidance on Loan Workouts, Nonaccrual, TDR Reporting
In a letter issued last week, the NCUA shared with credit unions the same TDR guidance it shared with its examiners, describing in detail how examiners will apply the regulatory improvements approved last year by the NCUA board of directors.
NCUA Details Changes to 5300 Call Report
The NCUA will make several significant reporting changes to the 5300 Call Report that will help implement the final TDR rule and loan-workout guidance that eased the reporting requirements for modified and TDR loans.
NWCUA Meets with State and Federal Examiners
The Northwest Credit Union Association hosted a meeting for all Oregon-based State and Federal credit union examiners. With regulatory advocacy being one of the association’s top strategic objectives, it was an invaluable opportunity for dialog.