Loan Modifications: Forbearance, Financial Reporting and Other Considerations
 

 Human Resources  Member Service  Leadership/Management  Lending/Collections

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Registration Investment:
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$200 for Affiliates Non-PLP
Non-Affiliated Contact Leslie Poole

Program Description

Since the start of the COVID-19 pandemic, credit unions have granted forbearance and loan extensions on billions of dollars in mortgage loans to help their members. 


Our expert panel will review the approaches and methodologies for structuring a forbearance program to help you gain a better understanding of the applicable accounting rules and principles related to loan forbearance. Utilizing the two frameworks for structuring your program, the CARES Act, and Inter-agency Guidance, this session will examine the areas of Troubled Debt Restructurings (TDR) classification, income recognition, and an overview of significant accounting issues related to COVID-19 loan payment “deferment.”


Program Length: 90 Minutes

Meet The Presenter:

  • Wade Painter, President & CEO at San Mateo CU
  • Brett Stubbs, Senior Vice President & CFO at Kinecta FCU
  • Sydney Garmong, Partner at Crowe, LLP
  • Mark Demos, Partner Crowe, LLP
  • JP Shelly, Partner Crowe, LLP

 

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