The NCUA said it has begun the process of assessing the adequacy of conserved Texans Credit Union's Allowance for Loan and Lease Losses account.
Texans' NCUA March 31 Call Report showed its ALLL decreased from $47 million to $41 million. Based on the loans reviewed so far, the management team hired by the NCUA to oversee Texans has recommended additional funding.
However, significant charge-offs of $21 million reduced the balance, said David Small, NCUA assistant director of public affairs. The net effect was a decrease in the March 31 balance.
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