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NCUA Gives CUs TDR Exam Guidance
Friday, April 5, 2013 6:50 AM

In a recent letter to credit unions, the National Credit Union Administration (NCUA) informs credit unions that it has once again reviewed its examination procedures on loan workouts, nonaccrual, and troubled debt restructuring (TDR). After soliciting feedback from credit union officials and accounting professionals, the agency has prepared new TDR guidance for NCUA examiners.

The Supervisory Letter will help credit unions understand their examiner’s focus on specific components of a sound workout program including:

  • The revised regulatory reporting requirements for loan workouts;
  • What you should address in a workout policy including controls and decision-support systems consistent with the size and scope of your program;
  • Key components of a sound information system for loan workouts and TDRs; and
  • Appropriate nonaccrual policies and procedures for loan workouts and TDRs.

Click here to access the letter.