CECL

Resources

NAFCU has devoted considerable time and resources to educate credit unions on CECL requirements, and to share the industry's concerns with FASB.

Browse resources below related to FASB's CECL accounting standard, including webinars, articles, FAQs and more.

NCUA Resources

Discussions Trending in the NAFCU CFO Network (Member-Only):

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NAFCU Resources on CECL

Add to Calendar 2022-07-21 09:00:00 2022-07-21 09:00:00 What Does CECL Mean for TDRs? Listen On: Key Takeaways: [02:25] A TDR (loans that have been modified) is automatically an impaired loan. [05:42] Most people are going to take their current TDRs and they are going to determine they are modified and start doing some disclosure requirements on them. The easiest thing is going to be to treat them all as modified loans. [10:24] Credit unions will often help borrowers by extending the payment term or lowering the interest rate and sometimes they do a combination. There are different ways you can modify a loan for a borrower that is having difficulties. Web NAFCU digital@nafcu.org America/New_York public

What Does CECL Mean for TDRs?

Compliance, Data and Analytics

Podcast
April 07, 2022

FASB declines to allow early TDR elimination for CECL non-adopters

News
February 03, 2022

FASB unanimously votes to eliminate TDR accounting guidance, declines to defer CECL adoption

News
December 28, 2021

NAFCU urges FASB to accelerate TDR elimination date

News
November 04, 2021

Berger calls for CU exemption from CECL during FASB meeting

News
October 15, 2021

NAFCU asks FASB again to exempt CUs from CECL

News
July 01, 2021

NAFCU issues Final Reg on NCUA’s transition to CECL

News

NCUA's AIRES CECL Questionnaire

Tools