NCUA LETTERS TO CREDIT UNIONS: NCUA Issues Supervisory Letter 13-CU-03 on Reporting TDR Loans 

During the first week of April, the NCUA offered additional guidance to credit unions on troubled debt restructured loans by publishing NCUA Letter to Credit Unions 13-CU-03. The guidance was established to ensure that NCUA policies allow credit unions to prevent members from defaulting, if they are willing to agree to viable loan workout terms. The Supervisory Letter focuses on examiner reviews of TDR loans and provides guidance for evaluating whether credit unions are following applicable regulatory requirements in administering sound loan workout programs. The guidance establishes a uniform examination approach to reviewing loan workouts, nonaccruals, and regulatory reporting of troubled debt restructured loans.


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