The latest member business loan rule became effective January 1, 2017, and affected hundreds of accounts on the Call Report. The rule created new loan categories for junior lien 1-4 family residential properties and commercial loans that can complicate matters. The loan portfolio is the most significant asset for most credit unions, so it’s important that the loan classifications and related disclosures are correct.
- How to categorize loans by type for the Loans & Leases Schedule
- NCUA’s commercial loan definition
- What to include (and exclude) for delinquency reporting
- Ensuring loan charge-offs and recoveries are accurately reported
- Types and sources of unfunded loan commitments applicable to credit unions
- Best practice recommendations and practical examples
- TAKE-AWAY TOOLKIT
- Important links to NCUA’s Credit Union Online website, including upcoming cycle due dates, FAQs, forms, instructions, Call Report access, and technical support
- Employee training log
- Quiz to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed primarily for individuals involved in the Call Report data collection, preparation, and review process, with a focus on lending and collections.
SPEAKER: Stephen J.m. Schiltz, CliftonLarsonAllen LLP
Steve Schiltz is principal with CliftonLarsonAllen’s Tucson office. He began his career with CliftonLarsonAllen in 2002 and has extensive experience providing assurance services to credit unions and credit union service organizations. Steve has made presentations to credit union management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars.
A licensed CPA in Arizona and Texas, Steve is a member of the AICPA, Arizona Society of CPAs, and the Beta Gamma Sigma Honor Society. He received his bachelor’s in accounting, cum laude, from the University of Arizona in Tucson.