Webinar: Guidelines for OREO
Financial regulators are reviewing your credit union's Other Real Estate Owned (OREO) policies and procedures during safety and soundness examinations. They expect you to have developed an OREO policy that provides guidelines for acquiring, holding and disposing of OREO in accordance with credit union regulations and guidance statements, instructions for preparation of the call report and in compliance with generally accepted accounting principles. This webinar will cover the requirements, helping you ensure that your credit union is compliant.
About This Session:
This webinar will cover the following topics:
- Valuation, flood and IRS requirements
- Maintaining properties
- Selling and financing that transaction
- Possible regulatory classification of OREO
- Call report reporting
- Accounting for OREO
Who Should Participate:
Senior management, including CEOs, CFOs, treasurers, risk managers, auditors, loan review personnel and anyone responsible for analyzing and documenting OREO transactions
About the Presenter:
S. Wayne Linder, Senior Consultant, Young & Associates, Inc.
A 30-year banking veteran, S. Wayne Linder was formerly the CEO of a community bank. At Young & Associates, Inc., Linder works as a lending and management consultant. He performs loan reviews, fair lending reviews, and regulatory compliance audits. He also facilitates strategic planning retreats; assists financial institutions under regulatory enforcement agreements; performs management and board of director assessments; and develops and implements written policies throughout all areas of the financial institution.