Category: Financial Institution
Avoid Litigation With Attention to Common Red Flags
Any size retirement plan can run into serious trouble when sponsors aren’t careful. With some planning, though, your qualified retirement plan doesn’t have to be the target of ERISA litigation. A reminder of the most common red flags leading to litigation might be...
Accounting Standards Update (ASU) 2016-01 Effect on Call Report
In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Topic 825): Recognition and Measurement of Financial Assets and Financial Liabilities, effective for annual reporting periods beginning after December 15, 2018. Early adoption is permitted....
Changes to Member Business Lending Rule
Removal of Occupancy Requirement for 1-to-4-Unit Dwellings Takes Loans Out from Under Lending Cap Federally insured credit unions will no longer have to count loans made on any 1-to-4-unit family dwellings as member business loans after a vote by the National Credit...
Calculating Allowance for Loan Loss: Plan for Environmental and Economic Factors
The environmental and economic factor is often an important piece to the allowance for loan loss (ALL calculation) that is often neglected. A common refrain for omitting this factor is not knowing what to include in the analysis. It is an answer that is unique to each...