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 Rules Require Written Loan Workout and Nonaccrual Policies by Month’s End

The NCUA issued final rules in May 2012 requiring each federally insured credit union to adopt written policies addressing loan workouts and loan nonaccrual by Oct. 1, 2012.