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DESCRIPTION:Credit quality remains a primary focus of regulatory examinatio
 ns as balance sheets continue to exhibit the strains of a poor economy\, d
 ecreased loan demand\, and depressed real estate values. One of the primar
 y factors of sound credit practice is the existence of an appropriate Allo
 wance for Loan and Lease Losses (ALLL) and a sound methodology for maintai
 ning adequate reserve levels. Part lending science\, part gut instinct\, a
 nd part speculation\; the process of planning for credit risk is an essent
 ial element of your credit union’s operations. Put simply\, the board need
 s to understand the magic behind the math. Is your board up to the task? T
 his session will review both the technical and practical aspects of the AL
 LL process\, as well as the need for board supervision of the loan review 
 system and management’s effectiveness in identifying\, monitoring\, and ad
 dressing asset-quality problems. HIGHLIGHTS Understanding the board’s duti
 es regarding credit quality and reserves Essential elements of the ALLL pr
 ocess Maintaining proper policies and procedures Board documentation requi
 rements Current examination considerations TAKE-AWAY TOOLKIT Regulatory gu
 idance on ALLL Examination checklists WHO SHOULD ATTEND? This informative 
 session is designed for all directors\, Supervisory Committee members\, ex
 ecutives\, CFOs\, internal auditors\, and compliance staff. ABOUT THE PRES
 ENTER – David A. Reed\, JD\, Reed and Jolly\, PLLC Attorney\, author\, con
 sultant\, and nationally-recognized speaker\, David Reed is a partner in t
 he law firm of Reed and Jolly\, PLLC. He provides guidance to financial in
 stitutions on establishment and revision of policies and procedures\, orga
 nizational compliance\, collections\, security\, contractual agreements\, 
 regulatory matters\, and corporate governance. His engaging speaking style
  has made him a nationwide lecturer on regulatory compliance\, consumer le
 nding\, bankruptcy\, and collections. A former trial attorney and vice pre
 sident and general counsel of a large credit union\, David is particularly
  known as an expert in the areas of operations\, bankruptcy\, and collecti
 ons. He has trained state and federal examination staff on numerous issues
 \, including BSA\, ID theft red flags\, SAFE Act\, third-party contract ma
 nagement\, and bankruptcy. He also serves as editor of several industry ma
 nuals. PLEASE NOTE: Your registration fee allows you to have one telephone
  connection. However\, as many people as you like may listen from your off
 ice speaker phone. If you register for the webinar\, your registration fee
  also includes one internet connection from a single computer terminal. TH
 REE REGISTRATION OPTIONS 1. LIVE WEBINAR The LIVE WEBINAR option allows yo
 u to have one telephone connection for the audio portion and one Internet 
 connection (from a single computer terminal) to view online visuals as the
  presentation is delivered. You may have as many people as you like listen
  from your office speaker phone. Registrants receive a toll-free number an
 d pass code that will allow entrance to the seminar. The session will be a
 pproximately 90 minutes\, including question and answer sessions. Seminar 
 materials\, including instructions\, pin number\, and handouts will be ema
 iled to you prior to the broadcast. You will need the most current version
  of Adobe Reader available free at www.adobe.com. 2. ON-DEMAND WEB LINK** 
 AND FREE CD ROM* Can't attend the live webinar? The ON-DEMAND WEB LINK** i
 s a recording of the live event including audio\, visuals\, and handouts. 
 We even provide the presenter's email address so you may ask follow-up que
 stions. Approximately 1 week prior to the webinar\, you will receive an em
 ail with the web link. This web link can be viewed anytime 24/7\, beginnin
 g 6 business days AFTER the webinar and will expire 6 months after the liv
 e program date. But there's more . . . AS AN ADDED BONUS\, you will also r
 eceive a FREE audio/visual CD ROM.* The CD ROM includes the original audio
 /visual presentation\, the question and answer sessions\, and the handouts
 . Use the on-demand link or this "off-the-shelf" training program for thos
 e that could not attend the live seminar and for future training. 3. BOTH 
 LIVE WEBINAR AND ON-DEMAND WEB LINK** (INCLUDES FREE CD-ROM*) Includes opt
 ions 1 and 2 above *CD Rom for PC use only **All materials are subject to 
 copyright and intended for your credit union's use only. NEW! Listen on yo
 ur iPad\, iPhone\, or Android. Instructions will be emailed to you with th
 e on-demand link. INVESTMENT: $199.00 Webinar per connection $199.00 Archi
 ved On-Demand Web Link &amp\; Free CD ROM $249.00 Both Live Webinar &amp\;
  Archived On-Demand Web Link &amp\; Free CD ROM TIME: 3:00 p.m. - 4:30 p.m
 . To register and pay by check\, email Mary Zelinsky at mzelinsky@njcul.or
 g and your credit union will be invoiced. To register and pay online\, cli
 ck here.
DTEND;TZID=Eastern Standard Time:20130508T163000
DTSTAMP:20130525T124416
DTSTART;TZID=Eastern Standard Time:20130508T150000
LOCATION:
SEQUENCE:0
SUMMARY:> Webinar: Understanding the ALLL for Directors
UID:75f093f6-bcfe-4152-9a0a-90ea53d67318
URL:http://www.njcul.org/-webinar-understanding-the-alll-for-directors-2013
 -05-08.aspx
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