FOR IMMEDIATE RELEASE
MADISON, Wis., and WASHINGTON (April 19, 2019) – Registration is now live for the CUNA Current Expected Credit Loss (CECL) School, a live training event designed to prepare credit unions for the new Current Expected Credit Loss (CECL) standard going into effect December 15, 2021.
“The content offers a good overall understanding of the complexity and possible solutions for managing CECL requirements,” said Joe Hyatt, EVP/COO, DFTC, Inc.
“For a smooth CECL transition it’s best to start early,” said Amanda Schumacher, instructional design manager at CUNA. ” Implementing FASB’s new accounting standard requires assessing your data management strategy and making the necessary changes to ensure that you’re collecting the right data to make the new CECL standard work for your credit union.”
CUNA Current Expected Credit Loss (CECL) School provides comprehensive training to prepare you with a thorough review of the new requirement and reserve calculation models. You’ll also work on an action plan to take back to your credit union, so you’re ready for implementation.
The CUNA Current Expected Credit Loss (CECL) School, is happening September 5-6 in Tempe, AZ. To learn more and register, visit cuna.org/cecl
Can’t attend the live event? Consider attending CUNA Current Expected Credit Loss eSchool this June.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America's credit unions, which are owned by 115 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.