Troubled Debt Restructuring
Credit Quality Reporting for Credit Unions gets a Facelift 
By admin at November 11, 2011 | 4:32 pm | 0 Comment
By Bryan Mogensen As the economy has continued to struggle during the past couple of years, credit unions have watched some of their members struggle to repay their loan obligations. Unemployment, underemployment and continued depressed real estate markets are among the factors contributing to this trend. As you might suspect, the financial difficulties of more...
compliance , Management , Money , Troubled Debt Restructuring
New Guidance and Clarification on Troubled Debt Restructurings
By admin at October 21, 2011 | 2:17 pm | 0 Comment
By Bryan Mogensen Few members have come through the economic downturn unscathed. Some are more battered and bruised than others, but one of the consistent consequences of the recession has been a dramatic increase in the volume of loan modifications for members. The Financial Accounting Standards Board (FASB) noted divergence in practice when determining which loan more...
