Free webinar discusses CECL changes

NCUA will participate in a webinar April 11 with other financial regulators on coming changes to the current expected credit loss (CECL) standard. The webinar is scheduled to begin at 2 p.m. ET, and will focus on how CECL changes will affect smaller institutions and will include a detailed discussion of the weighted average remaining maturity […]

NCUA will participate in a webinar April 11 with other financial regulators on coming changes to the current expected credit loss (CECL) standard. The webinar is scheduled to begin at 2 p.m. ET, and will focus on how CECL changes will affect smaller institutions and will include a detailed discussion of the weighted average remaining maturity method for estimating the allowance for credit losses.

The webinar, hosted by the Federal Reserve Bank of St. Louis, will be presented by staff from the NCUA, the Financial Accounting Standards Board, the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, and the Conference of State Bank Supervisors.

Registration is now open. There will be a question-and-answer session, and participants also may submit questions in advance at rapid@stls.frb.org.

LEVERAGE offers a solution for your credit union’s CECL needs. Click here for details.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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