Webinar: Understanding the New NCUA Part 741 Loan Workout & Nonaccrual Policy & Regulatory Reporting for TDR Regulations

Start: 3:00 pm
End: 4:30 pm
Event Days: 01/03/2013 - 01/03/2013

Federally insured credit unions are required to implement the new rules regarding loan workouts, nonaccruals and troubled debt restructuring (TDR) regulations that NCUA changed in 2012. Do you need a refresher to ensure your policies and procedures are compliant? Do you have the tools and knowledge needed to: a) put the proper policies and procedures in place, and b) understand how to incorporate the changes into your financial reporting? Join us to learn the critical requirements regarding the new TDR rules before your next examination. Examples will be provided to help illustrate key changes.

About This Session:

This webinar will cover the following topics:

  • Definitions and requirements of TDR, including recent accounting and reporting changes
  • Requirements of NCUA 12 CFR Part 741, loan workouts and nonaccrual policy, and regulatory reporting of TDR loans, including implementation dates
  • How this affects your credit union's TDR reporting, accruals, and ALLL
  • Examples of situations to help interpret the new rules

Who Should Participate:

Operations personnel, accounting clerks, tax accountants, management, compliance officers and attorneys.

About the Presenter:

Bryan W. Mogensen, CPA, CliftonLarsonAllen LLP

Bryan Mogensen is an assurance partner at CliftonLarsonAllen LLP in Phoenix. For the past 19 years, he has gained extensive experience auditing credit unions, community banks and nonprofit organizations. As engagement partner, he is responsible for ensuring the work is performed as expected, reviewing key areas and reports, planning, supervising audit staff, etc. Mogensen frequently shares his knowledge through national speaking engagements. He is a licensed CPA in Arizona, California, Washington and Wisconsin and a member of the AICPA and ASCPA.