School Event

CUNA CECL Workshop

09.11.2018 - 09.12.2018 (finance)

September 11-12, 2018 Denver, CO

Plan ahead for new CECL standard

CUNA Current Expected Credit Loss Workshop

The FASB's new Current Expected Credit Loss (CECL) standard goes into effect in 2021. Under this new standard credit unions will be required to reserve for future losses over the life of a loan at the time of origination.

This signifies a major change in how your credit union will need to calculate its loan reserves. Rather than focusing on incurred loss modeling, there are new models to explore. 

This program will provide you with knowledge on the new rules and reserve calculation models, overview sound business practices and tips to make compliance easier.

This workshop includes:

  • Sessions with NCUA and FASB speakers detailing what their expectations are for credit unions implementing CECL.
  • Half-hour sessions after each main session to review your credit union's numbers so you can immediately apply what you've learned. The NCUA and FASB examiner will be available to answer questions at this time. Attendees leave knowing they have a plan in place.

Who Should Attend?

This workshop is beneficial for credit union finance, lending and compliance professionals, including CEOs, CFOs, controllers and accountants.

This event is endorsed by the CUNA Finance Council.


More Information  Register

 

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