Monday, Nevember 16, 2020 - 11:15 AM – 12:15 PM CT
Sponsored by Plansmith
Moderator: Doug Wright, CFO, Mission FCU, San Diego, CA
Panelists: Brett Fisher, VP of Finance, Founders FCU, Lancaster, SC; Ed Lis, First Choice Financial FCU, NY; Paul Meissner, CFO, Credit Union of America, Wichita, KS; Ashley Vandermause, CFO, UnitedOne Credit Union, Manitowoc, WI
Panel discussion with credit union professionals who are in various stages of implementing CECL. Panelists will highlight the progress they've made and challenges they've experienced or anticipate with implementation of CECL. Panelists will also discuss how COVID-19 and its economic impacts have changed the way in which each participant has managed the ALLL and how he/she has changed his/her strategy and methodology. They will share their forward-looking action plan and recommendations for successful implementation of CECL and managing the ALLL under the incurred loss model through the pandemic. Panelists work for credit unions of a range of asset sizes.