Connect ► twitter| youtube|  Log In ► Members Only  |  Corporate One Safekeeping  |  Search

Coming soon: Prepare for CECL with this five-part live webinar series

Big changes are coming soon to the way credit unions calculate ALLL (allowance for loan and lease losses) under the new CECL (current expected credit loss) rules proposed by the Financial Accounting Standards Board and the NCUA. For many financial institutions, these new rules for credit-loss accounting are the most significant financial-reporting changes in decades.

Our brand new webinar series, hosted by Corporate One, Accolade, and Crowe Horwath LLP, will break down CECL easily and comprehensively, reviewing important aspects your credit union will need to understand to remain compliant and successful.

  • Overview of CECL: Why credit unions should consider the impact of on their organizations, and how to assemble a CECL committee
  • Risk identification: Discussion of pools and identification of potential risks related to the pools
  • Data inventory: What type of data is relevant based on risk identification, including overall governance specific to CECL
  • Models: Types of models available and what they look like
  • Qualitative factors/reasonable and supportable forecasts: What credit unions will need to analyze to ensure risk balance in their portfolios

While CECL is beneficial and will ultimately strengthen credit unions overall, the new rules transform credit-risk management from a reactive, reduce-loan-loss impact approach to a more proactive, preventative approach. The time is now to make sure your credit union is ready when the new rules take effect in 2019.

Stay tuned for specific details about this series, coming soon on our events calendar. Registration is complimentary.