The Simplified CECL Tool

Описание к видео The Simplified CECL Tool

Chris McGrath, acting chief accountant with the NCUA’s Office of Examination and Insurance, demonstrated the Simplified CECL Tool and discussed topics including:

The tool’s methodology
Net charge-off rates
Examiners’ expectations

The NCUA developed the Simplified CECL Tool to assist small credit unions with developing their Allowance for Credit Losses on loans and leases as required under CECL. The tool is designed primarily for credit unions with less than $100 million assets.

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