WASHINGTON (2/8/16)--CUNA seeks assurance from the National Credit Union Administration that the agency will work with credit unions as they work to comply with a pending current expected credit loss proposal.
WASHINGTON (2/1/16)--As a result of concerns raised by CUNA and others in the financial services industry, the Financial Accounting Standards Board is holding a roundtable Thursday to discuss the impact of pending changes to its rules on the current expected credit loss standard (CECL).
CUNA and the Independent Community Bankers of America are partnering to encourage federal lawmakers to weigh in before the Financial Accounting Standards Board finalizes its proposal related to the impairment of financial assets.
CUNA continues to have grave concerns with the Federal Accounting Standards Board credit impairment proposal, concerns it expressed in a letter to National Credit Union Administration Chair Debbie Matz Tuesday.
The discussion boards on CUNA’s Compliance Community featured an interesting discussion last week: what is the difference between the terms “share draft” and “checking account”? The correct use is important since credit unions pay dividends, not interest.