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CECL aftermath: Credit union trends and future considerations

Thursday, October 12, 2023
3:00 PM ET / 2:00 PM CT

The Current Expected Credit Losses (CECL) adoption deadline has come and gone, yet many credit unions still have questions on the new standard. In this webinar, we will discuss the lessons learned so far and common CECL trends amongst credit unions. Our experts will provide insights into the allowance based on their day-to-day experience with Abrigo clients, with topics ranging from maintaining the calculation to qualitative factors, methodology choices, and more.

Elevate the CECL understanding at your credit union today and make you’re familiar with the ins and outs of this new standard.  

You will learn: 

  • Current CECL trends at credit unions according to their asset size, geography, charter type, and lending concentrations. 
  • Observations related to various aspects of CECL transition for credit unions, including methodology choices and off-balance sheet exposure reserves. 
  • The role of qualitative factor adjustments both before and after CECL adoption. 
  • Future considerations related to owning and maintaining a CECL calculation, including maintaining key inputs, assumptions, and models, facing auditor/examiner scrutiny, and making changes to allowance levels throughout an economic cycle.

Meet Your Presenter

Jared Owen

Consultant
Jared Owen is a Consultant on Abrigo’s Advisory Services team and specializes in ALLL, CECL transition, and various other portfolio risk activities. Prior to this role at Abrigo, he was on the integration team and played a vital role in the implementation of Abrigo’s software solutions. His technical experience paired

Full Bio