ALLL useful information to be provided in webinar

December 14, 2017

The allowance for loan and lease losses (ALLL) is typically the single largest estimate in a credit union's financial statements and receives significant attention from management, volunteers, regulators, and auditors. The ALLL will garner even more attention due to the new Current Expected Credit Loss (CECL) Accounting Standard Update (ASU 2016-13) issued in June 2016.   On Tuesday, December 19, learn about ALLL with TDRs and Foreclosed Assets by participating in a webinar happening from 3:00 p.m. - 4:30 p.m.

Troubled-debt restructurings (TDRs) can be very difficult to identify, track, and incorporate into the ALLL calculation. The accounting for foreclosed assets can create challenges, from initial measurement, recording additional costs, evaluating for impairment, and accounting for the ultimate sale. Join us to review each area, address the accounting and regulatory implications, and provide best practice recommendations.

Highlights include:

  • The three main components of a credit union's ALLL methodology and calculation
  • Planning for the new CECL model that will likely result in a significant increase to your ALLL
  • Identify TDRs and quantify the impact in the ALLL calculation
  • Account for foreclosed assets from the time of foreclosure to the time of sale
  • Best practices and resources, including links to important websites


Upon completion of the webinar, participants will receive: Sample qualitative and environmental (Q&E) factor analysis that can be incorporated into your ALLL calculation; TDR evaluation checklist; employee training log; and a quiz you can administer to measure staff learning and a separate answer key.

Individuals who are responsible for preparing or reviewing the ALLL calculation and accounting for TDRs and foreclosed assets, including chief financial officers, controllers, accounting managers, and lending personnel should participate in this webinar.

This webinar is offered through the League's partnership with the CU Webinar Network. For more information or to register, click here.