CECL Implementation for Small CUs, Feb. 14


When the Financial Accounting Standards Board introduced the current expected credit losses methodology (CECL), many credit unions may have found the impending changes daunting.

In an hour-long webinar on Feb. 14 at 10 a.m. PST, hosts Roger Jones and Jeff Parker of Hauser Jones & Sas will explain why CECL shouldn’t be feared. Targeted at credit unions with fewer than $100 million in assets, this event is designed to help credit unions discover simple tips and tricks to prepare for the upcoming changes.

Jones has been auditing credit unions and CUSO organizations for more than 25 years, and has three decades tenure at several national CPA firms. He has completed hundreds of internal control evaluations in a variety of scenarios, and has extensive experience coaching and providing technical insight and counsel to clients.

This webinar will help attendees understand the resource requirements, costs, and road map for CECL compliance. Small credit unions will receive step-by-step instructions about data collection and organization, learning about two models small credit unions can use, and one complex algorithm used by many larger organizations.

Attendees will also have the opportunity to ask questions in real time. For those who cannot attend the live discussion, this event will be recorded.

Click here to register to attend.

Upcoming Events for Small Credit Unions

Small credit unions should also consider attending your Association’s Small Credit Union Roundtable, held in Boise on May 8. At this bi-annual gathering, small credit union leaders will have the opportunity to discuss challenges, priorities, strategies, and needs specific to small credit unions.

Questions about the CECL webinar or upcoming events for small credit unions? Please contact Carmen Vigil, NWCUA’s Director, Cooperative Momentum, at cvigil@nwcua.org or 206.340.4817.

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