Navigate Up
Sign In

NCUA Webinar Archives Available

NCUA Posts Webinars on ALLL Exam Issues, Voluntary Prepaid Assessments
 
ALEXANDRIA, Va. (June 16, 2011)The National Credit Union Administration (NCUA) hosted dual webinars May 26, 2011 entitled Current ALLL Exam Issues and Practical Ways to Factor Q&E Adjustments into the Methodology” and Voluntary Prepaid Assessments Program”  Archives of both webinars are now publicly available on NCUA’s website.
 
In the first webinar, the Office of Examination and Insurance in conjunction with the Office of the Chief Economist drew from diverse experience to facilitate credit unions’ understanding of the agency’s 2006 Interagency ALLL Policy Statement. In the current economic environment and consistent with the policy, credit unions have worked to better understand how qualitative and environmental adjustments can inform their estimates of inherent losses existing in the loan portfolio. The NCUA presenters helped participants understand some best practices in this area. 
 
In the second webinar, Chairman Matz and senior NCUA staff provided insights into a voluntary prepaid assessments proposal first unveiled May 19. The proposal responds to stakeholder requests to explore a program of prepaid, or advanced, assessments for the Temporary Corporate Credit Union Stabilization Fund. The voluntary prepaid assessments proposal would permit interested parties to use excess funds to aid in managing corporate resolution cash flow needs over the next two years. A program outline about this proposal is available here.
 
The NCUA Board has invited public feedback by June 20 to measure interest and determine whether or not to move forward with a voluntary prepaid assessments program. Feedback is also being posted to that page.
 
Both webinars were designed to be interactive with polls of the audience and Q&A opportunities as an integral part of the presentations. Both webinars were free and open to the public. The archived webinars are posted here.
 
For technical questions related to assessing the webinar, contact Fred Haines, 703-518-6440. For subject matter questions, contact the Office of Examination and Insurance, 703-518-6360.


NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 98 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..

--NCUA--

National Credit Union Administration

Office of Public & Congressional Affairs

703.518.6330
pacamail@ncua.gov

Contacts:

John Fairbanks
Office: 703.518.6336
jfairbanks@ncua.gov

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223 bhardaway@ncua.gov

Kenzie Snowden
Office: 703.518.6334
ksnowden@ncua.gov

"Protecting credit unions and the consumers who own them through effective regulation"