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CECL implementation: Progress as 2023 approaches

Banks and credit unions still working on CECL implementation can learn from the experiences of financial institutions that have already adopted the accounting standard and from peers still in the process. To that end, Abrigo in mid-2022 surveyed financial institutions to assess their progress with CECL implementation. It is the fourth such survey since 2017 by Abrigo, which has worked with hundreds of financial institutions on CECL implementation.

Download the 2022 CECL Survey to learn:

  • The CECL implementation progress of banks and credit unions
  • Top challenges identified by financial institutions while complying with the guidance
  • Actual and expected impacts on reserves and internal resources

Check out other top CECL resources:

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Coupled with our lending suite, Construct and +Pay from BankLabs enable end-to-end automated residential/commercial construction loans.

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