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Quarterly Call Reports are a necessary evil. Data from these reports is used by management, directors, regulators, and more. Since the loan portfolio is the single greatest asset, it follows that learning about Call Report loan classification and lending schedules should be prioritized. This valuable training will guide you through the idiosyncrasies of loan reporting.
- Categorize loans by type for the Loans & Leases Schedule (page 6)
- Define commercial loans according to NCUA rules and regulations
- Distinguish between loans to include and exclude for delinquency reporting
- Reconcile loan charge-offs and recoveries
- Understand the types and sources of unfunded loan commitments
The loan portfolio is the most significant asset for most credit unions, so it’s important that the loan classifications and related disclosures are correct. NCUA’s definition and distinction between member business and commercial loans continues to create confusion. Loans held-for-sale, loan participations, third-party servicers, and foreclosed and repossessed assets contribute to the headache. This session will provide the pain relief needed to help you navigate the eccentricities of loan reporting.
Stephen J.M. Schiltz, CPA, CLA
Stephen Schiltz is principal with CLA’s Tucson office. He began his career with CLA in
2002 and has extensive experience providing assurance and consulting services to
community financial institutions. Steve has made presentations to management teams,
supervisory committees, and boards of directors, as well as national speaking
engagements and webinars.
A licensed CPA in Arizona and Texas, Steve is a member of the AICPA, Arizona Society of
CPAs and the Beta Gamma Sigma Honor Society. He received his bachelor’s in accounting,
cum laude, from the University of Arizona in Tucson.