Does anyone have a sample ALLL policy they would be willing to share?
How are you calculating losses when you have not incurred a loss in a pool of loans.
For example, we have not had a loss on a recreational loan in the past 10 years so our calculation does not fund in our ALLL for this type of loan.
How are you handling this type of situation? Are you using a certain percentage for these cases?
I'd really like insight from other Credit Unions as our NCUA Examiner is reviewing this.
I appreciate any insight!