Two new, timely complimentary webinars are now available on-demand from the New York Credit Union Association.
CECL Transition for NYCUA Members
Now available on-demand, credit union professionals can preview a presentation highlighting Abrigo’s CECL solutions. CECL represents the biggest accounting change in banking history.
The new standard requires financial institutions to record credit losses at loan origination based on a “life of loan loss” expectation. Under CECL, financial institutions will need new processes for collecting and storing loan level data, forecasting future economic conditions, and incorporating those forecasts into the CECL estimate.
During the webinar, participants will learn how Abrigo’s CECL solution can help:
- archive loan-level data and begin scenario planning;
- run parallel calculations with the incurred loss model;
- supplement credit loss (or lack thereof) with proprietary data and research; and
- automate reporting and audit tracking.
As previously reported, the New York Credit Union Association has endorsed Abrigo’s Portfolio Risk and CECL software solutions to help New York credit unions meet the upcoming deadline for CECL implementation as well as streamline their portfolio risk management.
Tactical Health: The Future of Health Insurance Benefits Financing, Reducing Costs and Preserving Benefits
Credit union professionals can also learn about the future of health insurance benefits and what it could mean for their credit union.
In this on-demand webinar, participants can obtain insight on why the current health insurance/employee benefit system is broken and learn about Tactical Health, a program designed to fix the problems that have plagued employers in effectively managing, planning and controlling their health insurance plans for the past 30 years.
This webinar is geared to credit unions with more than 100 employees. The event is presented by Jaeger and Flynn Associates, a strategic partner of the Association.
Interested participants can access both of these on-demand webinars on the Association’s website. Log-in is required.