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Credit Union Student Choice Hosting Webinar Jan. 27
Wednesday, January 8, 2014 6:20 AM

Credit Union Student Choice, a business partner of Credit Union Resources, is hosting a webinar Jan. 27, at 2 p.m. The webinar will address all facets of the National Credit Union Administration’s letter (LCU2013-15) issued in mid-December regarding supervisory guidance of private student loans. 

While the additional regulatory requirements will bring about new challenges, Credit Union Student Choice says they are over all pleased with NCUA’s directive for several reasons, most important of which is the much-needed clarity that it will bring to examiners, credit unions and Student Choice.

The Jan. 27 webinar will focus on the following key items:

  • Credit union controls – Outlined within the guidance are a multitude of items that credit unions should have completed and/or have in place in order to maintain full control and understanding of their private student lending program.
  • Portfolio evaluation and analysis – Enhanced reporting requirements will provide stronger controls for credit unions and greater transparency for examiners. This webinar will review the type of reporting that is currently available through Student Choice and also discuss additional reporting that will be required moving forward. 
  • Accounting – The guidance contains several items of note in relation to loan loss allowance and income recognition.

Click here to register for the Jan. 27 webinar.