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A stronger voice to advance the credit union industry.
With deadlines approaching and preparation to be done, CECL compliance needs to be top-of-mind for credit unions. However, credit unions might be concerned about the cost and complexity involved or have questions about how to get started.
O'Brien provides guidance for keeping CECL compliance simple. He also shares tips for putting a plan in place and highlights how credit unions can use practical tools to streamline the process.
In this episode:
1:20: Deadlines to know
2:12: CECL challenges
5:14: How to get started
6:32: Collaborating on CECL
8:36: Helpful resources
10:15: Keep the process simple