CECL Implementation – Is your CU Ready? 2022 | CUNA Councils | 12 October 2022 | Webinar

Considered one of the most significant accounting changes in decades, the new current expected credit losses (CECL) methodology will change the way credit unions measure and record the allowance for credit losses on financial assets and instruments. In the final months before implementation, credit unions have been faced with the daunting task of ensuring all necessary steps have been taken to ensure they become compliant.
• Learn what methodologies credit unions are selecting.
• Gain insight on common challenges and pitfalls.
• Recognize areas of your policies and procedures that will need to be updated.
• Understand key internal controls for monitoring the allowance for credit losses balance.
• Identify best practices for developing reasonable and supportable forecasts.

2022 Speaker

Stephen LaBarbera
CPA, Senior Manager, Doeren Mayhew, Financial Institutions Group