PURCHASE A.L.L. POLICY

The Allowance for Loan Loss policy is a critical focus of auditors and examiners.  Is your ALL policy up to date?  Does it address accounting issues such as Troubled Debt Restructures (TDR) and Qualitative & Environmental (Q&E) factors?  Does your Board of Directors formally review this policy annually as required by NCUA regulations?

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.  Your purchase of this model policy includes:

  1. An electronic copy of the policy which you can customize to fit your credit union’s circumstances.  The policy content includes:
    • Statement of responsibility
    • Summary of authoritative sources
    • Overview of Allowance theory
    • Accounting for general valuation reserves and specific valuation reserves
    • Q&E factors
    • Accounting for TDR’s
    • Accounting for foreclosed & repossessed assets
    • Critical internal controls
  2. 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).
  3. Access to any of the Allowance webinars that Mike has recorded for Callahan & Associates (a $250 value)
  4. Copies of important authoritative pronouncements such as FAS 5, FAS 15 and FAS 114.

Purchase price:  $950 (which includes $850 of added value as noted above)

You can purchase this policy by logging on to CreditUnions.com or  by contacting mike@sacherconsulting.com