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Portfolio Risk & CECL

Credit Unions: Actionable Steps to Prepare for CECL Today

FASB’s guidance for estimating expected credit losses will not require a journal entry until fiscal year-ends beginning after mid-December 2020. However, success at that point is predicated on decisions made yesterday and today. In this webinar, Sageworks walks credit unions through an action plan that includes practical steps.

Watch the webinar to:

  • Take an active look at the new accounting standard (ASU 2016-13/CECL)
  • Discuss common shortfalls, remediation steps, best practices and potential balance sheet impact
  • Share an action plan for a sound CECL compliance foundation