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CECL Implementation – Is your CU Ready?

October 12, 2022 // 12 pm CT

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Join Doeren Mayhew’s Stephen LaBarbera and walk away with a clear understanding of how to position your institution for a successful CECL implementation.

Considered one of the most significant accounting changes in decades, the new current expected credit losses (CECL) methodology will change the way credit unions measure and record the allowance for credit losses on financial assets and instruments. In the final months before implementation, credit unions have been faced with the daunting task of ensuring all necessary steps have been taken to ensure they become compliant.

  • Learn what methodologies credit unions are selecting.
  • Gain insight on common challenges and pitfalls.
  • Recognize areas of your policies and procedures that will need to be updated.
  • Understand key internal controls for monitoring the allowance for credit losses balance.
  • Identify best practices for developing reasonable and supportable forecasts.

This session is Council member-only.  Only register if you are a current CUNA Councils member.  

Meet Your Speaker:

Speaker Image

Stephen LaBarbera, CPA Stephen LaBarbera, CPA

Senior Manager

Doeren Mayhew - Financial Institutions Group

For 11 years, Stephen has provided audit and assurance services to credit unions and credit union service organizations. Leveraging his knowledge and expertise, built by leading opinion audits, as well as, by performing internal audit services for credit unions. Stephen serves as a year-round trusted advisor to many credit union clients.

Called on for his expertise by national, regional, and local technical and industry related associations. Stephen is a recognized speaker and author on a variety of credit union related topics.

Stephen has a knack for interpreting and advising his clients on critical accounting standard updates. Serving as a leader in Doeren Mayhew’s internal education programs, including the firm’s Audit and Accounting Committee, Stephen provides educational training to clients and co-workers alike on a wide range of accounting and auditing topics.

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