CECL Resources
A newly released, NAFCU-sponsored study outlines some of the key qualities and trade-offs for a variety of models for implementation of the Financial Accounting Standards Board’s current expected credit loss accounting standard, which starts taking effect for credit unions in fiscal years beginning after Dec. 15, 2020.
Accessing the study requires you to provide your contact information, but you do not need to be a member of NAFCU. (I would assume that you will receive emails touting their products if you request the study.)
The study is very technical, and would be useful for accounting and lending departments to create plans to comply with CECL requirements.
Passwords to access the blog posts, and blog posts are only for NWCG owners and retained clients. These should not be shared outside of the credit union. Blog posts generally contain only a summary of any requirements, and do not represent all potential impact on the credit unions. For further details on any blog post, contact NWCG or references cited in the blog post. The information contained on this site is provided for informational purposes only, and should not be construed as legal advice.