Topic: Allowance for Loan & Lease Losses (ALLLs)
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NCUA: Examiner’s Guide – Allowance for Credit Losses
*Note: NCUA updated the Allowance for Credit Losses (formerly Allowance for Loan and Lease Losses) chapter on June 05, 2023. Examination objectives: Determine if management has a sound methodology, with supporting documentation, for estimating […]
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FRB: Questions and Answers on Accounting for Loan and Lease Losses (December 2006)
These interagency questions and answers focus on topics about which examiners, institutions, and accountants frequently inquire concerning the allowance for loan and lease losses (ALLL). The questions and answers are […]
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FRB: Interagency Policy Statement on the Allowance for Loan and Lease Losses (December 2006)
The principal sources of guidance on accounting for impairment in a loan portfolio under GAAP are: Statement of Financial Accounting Standards No. 114, Accounting by Creditors for Impairment of a […]
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Financial Accounting Standards Board (FASB)
The Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Such standards are essential to the efficient functioning […]
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NCUA: Letter to Credit Unions No. 03-CU-01 – Loan Charge-off Guidance (January 2003)
This letter is intended to provide guidance on the systematic charge off of uncollectible loans. NCUA recommends the board ratify all delegated charge offs. The manager should refer loans not […]