Anthem
Jenny Miller
Director, Communications
NWCUA
Phone: 208.350.6187
Toll-free: 800.995.9064 x310
Jenny Miller is the Director of Communications for the Northwest Credit Union Association. In this role, she is responsible for executive communications and oversees both NWCUA’s social media and weekly newsletter, Anthem, tailored to member credit union staff and leadership, trade press, regulators, and legislators. Miller holds a bachelor’s degree in English with an emphasis […]
FASB Credit Loss Reporting
November 20, 2013
Executive Summary
In a letter sent May 29, 2013, during the initial comment period on Proposed Accounting Standards Update: Financial Instruments—Credit Losses, the Northwest Credit Union Association urged FASB to validate the National Credit Union Administration (NCUA) and provincial regulator requirements for reserving for Allowance for Loan and Lease Loss. We also encouraged the FASB to continue to work with the IASB to develop a joint proposal. We strongly encouraged removing or rewording references to “estimate credit losses over the entire contractual term of the financial asset” in order to more accurately reflect the guidance laid out in paragraphs 825-15-50-8 & 9.
Download the NWCUA Comment Letter
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