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New insight post invites Congressional Caucus attendees to CECL panel
A new insight post on NAFCU’s CFO Network invites NAFCU 2022 Congressional Caucus attendees to join a NAFCU-hosted panel on implementation of the current expected credit loss (CECL) methodology, which will be taking place in-person at the event.
The panel will take place on Tuesday, Sept. 13 at 1:30 p.m. Eastern in the Lexington Room of the Hyatt Regency Washington on Capitol Hill. NCUA Acting Chief Accountant Chris McGrath and Financial Accounting Standards Board Project Manager Dan Stuhlemmer will discuss CECL implementation leading up to 2023.
In addition, the panel will touch on examination expectations from the NCUA’s Office of Examination and Insurance, acceptable accounting methodologies, and the NCUA’s soon-to-be released simplified CECL tool. Credit unions with assets of more than $10 million are required to adopt CECL by the start of 2023.
Credit Unions attending the Congressional Caucus that are interested in attending the CECL panel should email Regulatory Affairs Counsel James Akin at jakin@nafcu.org. Prior to the panel, NAFCU encourages attendees to submit questions or topics to James, as well.