Simplified CECL Tool

TIME AND DATE: 2:00 p.m., Wednesday October 12, 2022

The National Credit Union Administration Office of Examination & Insurance hosted a webinar on the recently announced Simplified Current Expected Credit Loss (CECL) Tool.

The Simplified CECL Tool uses the Weighted Average Remaining Maturity (WARM) methodology to estimate the allowance for credit loss and is designed for the more than 3,000 credit unions with less than $100 million in assets. Larger credit unions can use the tool based on management and auditor discretion.​

NCUA subject matter experts provided an overview of the Tool, demonstrated the Tool, and answered participants’ questions.