NCUA releases update to its simplified CECL tool

ALEXANDRIA, VA (September 25, 2023) — The National Credit Union Administration released the September 2023 update of its Simplified CECL Tool today. The update includes the latest life-of-loan, or Weighted Average Remaining Maturity, factors, and other enhancements.

For most credit unions, CECL became effective January 1, 2023. For credit unions currently using the Simplified CECL Tool, this latest update is provided to determine the credit loss expense, or provision for credit losses, for the quarter that ends September 30, 2023.

For credit unions that adopted CECL in the third quarter of 2023, the September 2023 Call Report will include the day-one adjustment to undivided earnings and the credit loss expense since the date of CECL adoption. The NCUA also reformatted Tab 2 – Individual Basis, of the Simplified CECL Tool to facilitate entering data on individually evaluated loans.

To obtain the latest version, please visit The Simplified CECL Tool page and select “Download the Latest Simplified CECL Tool.” Additionally, please review the Frequently Asked Questions, User Guide, and Model Development Document that are available on the webpage.

The Simplified CECL Tool is provided to credit unions as an option for estimating the allowance for credit losses on loans and leases. The NCUA implements quarterly updates to enable a credit union to use the tool before closing its books and submitting its quarterly Call Report to the agency.

For additional information on CECL, please visit the NCUA’s CECL Resources page.

For any questions unanswered in the CECL Resources, please contact

About National Credit Union Administration (NCUA)

The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.


Ben Hardaway


Joe Adamoli

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