Topic: Collections
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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 […]
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B072 NCUA IRPS: Loan Workouts, Nonaccrual Policy, and Regulatory Reporting of Troubled Debt Restructured Loans
The National Credit Union Administration (NCUA) has finalized a requirement for federally-insured credit unions to maintain written policies that address the management of loan workout arrangements and nonaccrual standards for […]