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	<title>Sacher Consulting</title>
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		<title>NO NEED TO “REINVENT THE WHEEL” ON A.L.L. POLICY</title>
		<link>http://sacherconsulting.com/2011/02/10/reinvent/</link>
		<comments>http://sacherconsulting.com/2011/02/10/reinvent/#comments</comments>
		<pubDate>Fri, 11 Feb 2011 01:22:03 +0000</pubDate>
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				<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[Mike has developed an Allowance For Loan Losses policy, written specifically for credit unions. The policy includes…]]></description>
			<content:encoded><![CDATA[<p>After one of the toughest economic years in history, the Allowance  for Loan Loss policy remains a primary focus of auditors and examiners  and a critical component of any credit union’s governance structure.  Therefore, it is critical that management have a well thought-out  strategy and approach for managing the Allowance for Loan losses—as well  as an up-to-date policy.</p>
<p><span id="more-1"></span></p>
<p>Building on the phenomenal success of his CUtv webinar series, Mike  Sacher has created a new resource to help credit unions stay on top of  their allowance account: <a href="http://www.creditunions.com/resources/store/publications/Loan-Loss-Policy.aspx?wt.mc_id=ALL1" target="_blank"><strong>The Allowance for Loan Loss Policy</strong></a>.</p>
<p>Mike has spent much of the past year working with credit unions  across the country to develop ALL methods that are both practical and  meet GAAP/RAP standards. He has successfully helped credit unions  support the reasonableness of their ALL balance and avoid potentially  significant audit adjustments.</p>
<p>Now, Mike has created a comprehensive and timely Allowance policy  reflecting the best practices that he has identified over the years, and  that can be easily customized for your credit union.</p>
<p>Your purchase, offered exclusively through Callahan &amp; Associates’ industry portal <a href="http://www.creditunions.com/resources/store/publications/Loan-Loss-Policy.aspx?wt.mc_id=ALL1">CreditUnions.com</a>, includes:</p>
<ul>
<li>An electronic copy of the policy which can easily be customized to fit your credit union’s circumstances.</li>
<li>Two hours of Mike’s consulting time to brainstorm issues of  importance, and to help customize the policy for your credit union (a  $600 value).</li>
<li>Access to any of the Allowance webinars that Mike has recorded with Callahan &amp; Associates (a $250 value)</li>
<li>Copies of important authoritative pronouncements such as FAS 5, FAS 15 and FAS 114.</li>
</ul>
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