Skip to main content

The place for all things credit union™
Log in

Aux and Accolade Partner to Provide No-Cost Cecl Webinar for Interested Credit Unions

Aux and Accolade have partnered to provide a free CECL webinar for credit unions interested in learning more about the requirements and timing of implementing CECL. With the January 1, 2023 deadline looming for federally insured credit unions to adopt and implement CECL, we wanted to provide an opportunity to clarify and answer questions that CUs may have surrounding the CECL methodology. CECL reporting must begin no later than the March 31, 2023 Call Report.  The webinar will be held on August 17th at 1:00 pm Mountain Time. The registration link is below.

Credit unions should begin preparing now to implement the standard. Boards of directors and senior management should familiarize themselves with CECL to assess how it differs from the credit union’s existing incurred loss model. Once familiar with the standard, they should evaluate different allowance estimation methods to determine which is appropriate, and plan for the potential impact on regulatory net worth. This webinar will address key issues and answer questions that credit unions may have regarding the new regulatory requirement.

This webinar will cover the basics you need to know to get started with a demonstration of the solution that makes it easy.

  • What is CECL?
  • WARM Methodology
  • Accolade Analytics: CECL WARM Demonstration

To register for this free webinar, please click here: https://attendee.gotowebinar.com/register/2990005747726277903

Aux

Aux offers a robust and meticulously selected suite of outsourced back-office services, unlike any other organization in the U.S. Our accounting, compliance, and data analytics solutions serve those who are fearlessly adapting to today’s tumultuous environment and look to outsourcing to increase efficiency and financial health. Those who value partnership, trust, and teamwork. Those who passionately believe in the future of credit unions – that the best years are yet to come instead of behind them. Aux (formerly CU Service Network) is a CUSO located in Denver, CO and Woodbridge, VA. We’ve been around since 1992, originally founded to assist credit unions with shared branching. The Aux Team knows credit union pain points because we have lived them ourselves; Many of us are decades-long credit union veterans. We are real people, dedicated to a cause, working together to make your credit union stronger. Let us do the hard work for you.

Recommended for you