
Category: Compliance
Day 1 action at the Compliance & Legal Conference

New ‘simplified’ tool aims to help CUs comply with CECL standards

The NCUA on Wednesday, in a letter to credit unions, announced a new tool aimed at helping smaller-asset credit unions comply with the Financial Accounting Standards Board’s accounting standard on current expected credit loss, or CECL, which goes into effect for most credit unions at the start of 2023.
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