Webinar: Director Series: Understanding the ALLL

Start: 3:00 pm
End: 4:30 pm
Event Days: 05/08/2013 - 05/08/2013

Credit quality remains a primary focus of regulatory examinations, as balance sheets continue to exhibit the strains of a poor economy, decreased loan demand and depressed real estate values. One of the primary factors of sound credit practice is the existence of an appropriate Allowance for Loan and Lease Losses (ALLL) and a sound methodology for maintaining adequate reserve levels. Part lending science, part gut instinct and part speculation, the process of planning for credit risk is an essential element of your credit union's operations. Put simply, the board needs to understand the magic behind the math. Is your board up to the task? This webinar will review both the technical and practical aspects of the ALLL process, as well as the need for board supervision of the loan review system and management's effectiveness in identifying, monitoring and addressing asset quality problems.

About This Session:    

This webinar will cover the following topics:

  • Understanding the board's duties regarding credit quality and reserves
  • Essential elements of the ALLL process
  • Maintaining proper policies and procedures
  • Board documentation requirements
  • Current examination considerations
  • TAKE-AWAY TOOLKIT with regulatory guidance on ALLL and examination checklists

Who Should Participate:

Directors, supervisory committee members, executives, CFOs, internal auditors and compliance staff

About the Presenter:

David A. Reed, JD, Reed and Jolly, PLLC

Attorney, author, consultant and nationally recognized speaker David Reed is a partner in the law firm of Reed and Jolly, PLLC. He provides guidance to credit unions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. A former trial attorney and VP/general counsel of a large credit union, Reed is known for his expertise in the areas of credit union operations, bankruptcy and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management and bankruptcy.