How does a credit union with a member business loan that has real estate as the collateral, report it on the delinquent loan schedule? Is there double counting?
The credit union would first report the loan in the applicable real estate delinquency category. The same loan balance would then be reported on line 10 – Member Business Loans excluding Agricultural loans. This line is one component of supplemental reporting under the Additional Delinquency Information heading. The totals entered under this heading do not count as additional delinquency totals for aggregate credit union delinquency.
Related Questions
- When reporting number and amount of loans outstanding on the real estate loan schedule, do we report based on original maturity, remaining maturity, or period remaining until next adjustment?
- How does a credit union with a participation loan that has real estate as the collateral, report it on the Loan Charge offs and Recoveries schedule? Is there double counting?
- How does a credit union with a member business loan that has real estate as the collateral, report it on the delinquent loan schedule? Is there double counting?
