Latest developments from the NCUA (National Credit Union Administration), prudential regulator of federal credit unions and savings insurer for members of federal and state credit unions.
Letter outlines updates to CECL FAQs – and reiterates ‘take steps in advance’
Credit unions need to take steps in advance to ensure they can implement the new “current expected credit loss” (CECL) accounting standard, even though the new standard doesn’t take effect until Dec. 31, 2021, the […]