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July 17, 2017

NAFCU webcast reviews CECL implementation models

Attendees of a NAFCU webcast tomorrow will gain a better understanding of the Financial Accounting Standards Board's current expected credit loss standard and examine a series of five models for implementing the new loan-loss rules based on real data.

The webcast, "CECL: A Deep Dive Into 5 Implementation Models," is slated for July 19 at 2 p.m. Eastern.

Earlier this year, NAFCU, along with Allied Solutions and OnApproach, teamed up with the scientists at Deep Future Analytics to test a series of five models for implementing the new loan-loss rules based on real data. The webcast, led by Deep Future Analytics Chief Scientist Joseph Breeden, Ph.D., will discuss and assess the pros and cons of five implementation models and review which methods will be best for credit unions.

On Thursday, Breeden will also meet with FASB Board Member Hal Schroder to discuss best practices for CECL implementation.

Following tomorrow's webcast, NAFCU is offering a free live webcastJuly 20 on general CECL requirements and implementation. The 2 p.m. webcast will be led by FASB's Hal Schroder and Shayne Kuhaneck. Registration is required.

Both webcasts will be available on demand through NAFCU's Online Training Centerfor a year after being broadcast.

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