FASB delays CECL implementation for CUs, other lenders until 2023
The Financial Accounting Standards Board voted earlier today to delay the implementation of their current expected credit losses standard until 2023 for credit unions and most other lenders.
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NCUA CDRLF grant round closes this Sunday
Low-income credit unions interested in applying for Community Development Grants from NCUA have until this Sunday, July 20, to submit applications to the agency. Approximately $2 million will be administered through the Community Development Revolving Loan Fund during this grant round.
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CUs can support CU movement with Foundation membership
As the charitable arm of the New York credit union movement, the New York Credit Union Foundation serves individuals, credit unions, schools and community organizations that help improve the financial independence of New Yorkers and promote the credit union difference.
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