Its been all about CECL since the initial FASB exposure draft was issued in late 2012. While credit union accounting professionals and practitioners have become well versed in the requirements of CECL, implementation progress and practical experience has been limited for many in the industry. This session will provide perspective and examples from credit union professionals who have made significant progress in the CECL implementation process.
The learning objectives include:
Understanding how specific credit unions have approached implementation of CECL through examples including data requirements, model selection and initial computation results.
Understand key assumptions that impact allowance for loan losses funding levels under CECL.
Executive Vice President & Chief Financial Officer,
Suncoast Credit Union
VP of Asset & Liability Management,
Founders Federal Credit Union