Keep Calm And Stay Home motivation letter written on post-it paper against Coronavirus

CUs encouraged to utilize online learning opportunities

In light of workshops and conferences being postponed or cancelled, the LSCU wants to make sure you still have access to top notch trainings from high quality presenters right at your fingertips. This is a prime opportunity to take advantage of LSCU’s vast library of webinars in a wide variety of subject matter. We have webinars throughout the year with live instructors as well as archived recordings available in 13 different categories.

“The LSCU understands the impact COVID-19 is having on credit union operations,” said Jennifer Martin, LSCU’s vice president of strategic initiatives. “We have seen the demand for online learning opportunities increase. We want to help our credit unions by providing pricing discounts and program changes that help our credit unions with webinars. And we are moving several in-person trainings and meetings to virtual ones in the next few months.”

A webinar of particular interest to credit unions is planned for Monday, April 13, at 3 p.m. ET, “Interagency Statement on Loan Mondifications: Working with Borrowers Impacted by COVID-19.” The presenter is Elizabeth Fast, a partner with Spencer Fane LLP, specializing in representation of financial institutions.

A recent interagency statement provides guidance for working with borrowers experiencing loan shortfalls due to the impact of COVID-19 – but outside the normal TDR structure. Learn the details and next steps. The 90-minute webinar will be recorded. Register here. 

After the webinar, participants will be able to:

  • Define a troubled debt restructuring (TDR)
  • Understand when a loan modification related to COVID-19 is exempt from TDR reporting
  • Identify when a coronavirus-related payment deferral does not need to be reported as past due
  • Evaluate the best way to work with an affected borrower

Determine the immediate proactive steps your financial institution should take

For a full list of webinars, click here.

Written by
Cara Clark
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About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

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