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.
CECL tool for credit unions gets update addressing ‘life-of-loan’ factors
A tool credit unions may use in addressing current expected credit losses (CECL) accounting standards has been updated to provide “life-of-loan” factors, the federal regulator said Monday. The Simplified CECL Tool, the National Credit Union […]