Fouratt’s presentation, “Current Techniques for the Allowance for Loan Losses & TDRs,” covered prevalent credit union issues such as handling troubled debt restructures (TDRs) and Allowance for Loan and Lease Losses – an estimate of uncollectible amounts used to reduce the book value of loans and leases to the amount that a bank expects to collect – and identified easier methods for understanding them.
Fouratt leads Curchin’s credit union practice, which provides auditing, accounting and consulting to over 35 federally and state chartered credit unions. He has over 25 years of public accounting experience, which includes a focus on working with financial institutions, not-for-profit organizations and closely-held small to mid-size businesses. Fouratt has also written numerous articles and presented at several NACUSAC conferences and many other associations regarding credit union governance, regulations and other relevant topics.
Celebrating over 55 years in Monmouth County, New Jersey, The Curchin Group, LLC is a certified public accounting firm that helps small to mid-sized businesses and individuals reach their financial goals through providing a broad range of Assurance; Tax; Financial Planning; Business Advisory; and Litigation & Valuation Services. The firm is dedicated to giving solid accounting and financial advice, sustaining long-term relationships with its clients and employees and giving back to the surrounding community.