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Managing Partner of The Curchin Group Presents Seminar on Accounting for Troubled Debt Restructurings

RED BANK, New Jersey (January 24, 2013) - The Curchin Group, LLC, a mid-sized, full-service accounting firm based in Red Bank, New Jersey, announced today that Robert C. Fouratt, CPA, Managing Partner, presented a seminar titled, "Accounting for TDRs," on January 23, 2013, to members of the New Jersey Credit Union League (NJCUL), a trade association formed to facilitate the development and growth of the credit unions in New Jersey. Hosted by the NJCUL at its Hightstown, New Jersey location, the program was also available to members via video conferencing at the NJCUL's Kenilworth and Vineland, New Jersey branches. Fouratt's seminar provided updated accounting guidance on Troubled Debt Restructurings (TDRs) and their impact on the allowance for loan losses. It also discussed strategies for how to determine when a loan modification becomes a TDR and included a Q&A with NJCUL members.

Fouratt leads The Curchin Group'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.

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"I remember my father and George Curchin sitting around my dining room table putting together our company's financials in the early 1950s. After 50 years, the numbers have changed, the faces have changed, but the quality of work and level of service that Curchin provides has remained the same."

Frank Patock, Jr., Owner, Patock Construction Company

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