From NAFCU (http://www.nafcu.org/News/2017_News/April/NAFCU-sponsored_CECL_study_gives_CUs_guidance/?utm_source=NAFCU+Today&utm_medium=Email&utm_campaign=daily+news&_zs=n9tFa1&_zl=tvNn3)
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.
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