Financial regulators expect a credit union's management to have developed a policy for Other Real Estate Owned (OREO) that provides guidelines for acquiring, holding and disposing of OREO in accordance with credit union regulations and guidance statements and with preparation of the call report. This webinar will cover accounting procedures for OREO, reporting for the call report, and regulatory classification of OREO. Other highlights include:
- Valuation, flood, and IRS requirements
- Maintaining properties
- Selling and financing that transaction
Presenter: S. Wayne Linder, Young & Associates, Inc.
Who should attend: Branch Managers, Compliance Officers, Lenders, Operations and CEOs
Time: 2 p.m.-3:30 p.m.
Cost: $209 for live webinar only; $229 for live webinar, plus a web link and free CD-ROM
Registration deadline: Thursday, Feb. 21
Pairing conferencing capabilities with web technology, this session brings informative, interactive training directly to you. During the webinar, you'll view a real-time PowerPoint presentation on your computer while listening to the audio connection via telephone.
While credit unions are encouraged to use the webinar to train multiple individuals at once, the credit union will be charged for each computer connection that uses its login code. Participants will receive login instructions and handout materials via email prior to the webinar. In addition, registrants may also receive an archive CD-ROM after the live session.