Each credit union has a responsibility to develop, maintain, and document a comprehensive Allowance for Loan and Lease Loss. This segment of CUBE TV will focus on the ALLL and new Interagency Supervisory Guidance addressing accounting for loans and liens. To obtain more information on the ALLL calculation please see the Interagency Policy Statement for Loan and Lease Losses, Interagency Questions and Answers on Accounting for Loan and Lease Losses, and the Interagency Supervisory Guidance Addressing Accounting for Loans and Lines of Credit Secured by Junior Liens on Residential Property.
Uploaded on Apr 10, 2012
|Tags: Shawn Wolbert, allowance, loan, lease, loss, Federal Reserve, ALLL|