Now that FASB has kicked the CECL can down the road until January 2023, can
credit unions simply move on to other matters? The temptation to ignore CECL is
certainly strong. However, CECL represents one of the biggest changes in a
generation regarding how financial institutions evaluate, calculate, and
determine the allowance for loan losses. In addition to methodology changes,
there will be a short-term impact to capital, which must be considered as part
of capital planning. Today you should be collecting data to be ready for CECL.
The data you collect is an important tool for your organization beyond CECL.
This webinar will address using this data today for stress testing and portfolio
management. This webinar will provide the most up-to-date regulatory
and industry guidance for your financial institution to stay on track with CECL
implementation over the new timeline. Learn about your responsibility as a
director to understand the appropriate level of reserves, as well as FASB’s new
definition called Small Reporting Companies (SRCs) and how that applies to your
- Up-to-the-minute CECL status
- How does CECL compare to your current methodology?
- What is
CECL’s impact on your capital level?
- What you should be doing now to get
ready for CECL
- Using the data you collect for portfolio management
- What questions should you ask at board meetings?
Bob Viering, Young & Associates, Inc.
Live and recorded webinar, handouts, quiz with answer key and training log are included.