Twenty Twenty Analytics Letter in Credit Union Times – TDR Reporting
A letter from Twenty Twenty Analytics was published in the December 7, 2011 issue of Credit Union Times titled “TDR Reporting, Tracking Can be Improved.” The letter is in response to several issues credit unions have had with TDRs including the six month satisfactory payment history required to remove their delinquent classifications and general tracking issues from month to month.
More than trying to provide lesson in best practices, the letter was meant to point out that TDRs aren’t going anywhere, so it may be time to start thinking about ways to (1) make presentation more meaningful externally, and (2) reduce the recurring time spent tracking them internally.
Do you have any ideas on how to improve the call reporting and tracking of troubled debt restructurings? Share them with us in the comments section below!
-Dan Price, CPA
Twenty Twenty Blogger
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