By now most everyone has heard of the new accounting pronouncement (ASU 2016-13) that will have a significant effect on how your credit union will compute your allowance for loan and lease losses (ALLL) along with a potential increase in your ALLL. This is commonly referred to as the new CECL model that you will need to implement in 2021.
In this session, you will gain an understanding of the expected changes to your ALLL calculation, the potential impact, and discussion on several modeling approaches that may be used. While there are some complex models, we will focus on possible Excel-based methods that you can use.
- Understand CECL, including recent regulatory guidance
- Quantify the potential impact
- Explore possible Excel-based calculations
- Develop an approach for implementation
Who Should Attend?
This informative session is designed for credit union executives (CEO, CFO, CLO), risk management, internal auditors, and anyone else that may be involved in computing your credit union’s ALLL.
Bryan Mogensen, Principal
Stephen Schiltz, Principal
2– 3:30 p.m. PT
Please register by November 15, 2017.