Registration is now live for the CUNA Current Expected Credit Loss School, a live training event designed to prepare credit unions for the new Current Expected Credit Loss (CECL) standard going into effect Dec. 15, 2021. The CUNA CECL School will take place Sept. 5-6 in Tempe, Ariz.

“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.

For those who are unable to attend the live event, CUNA is also conducting a CUNA Current Expected Credit Loss eSchool this June.