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’s ‘day one’ effects on credit union capital would be phased in over 3 years under proposed rule
A proposal that would phase in over three years the “day one” adverse effects on credit unions’ regulatory capital under the “current expected credit losses” (CECL) accounting standard, but which would exempt small credit unions […]