Register now for May 3 webinar on the Simplified CECL Tool
ALEXANDRIA, VA (April 18, 2023) — The National Credit Union Administration will host a webinar on May 3 explaining the agency’s Simplified CECL Tool, created to help small credit unions implement the Current Expected Credit Losses accounting standard.
Registration for this webinar is now open. The webinar will begin at 12:30 p.m. Eastern and run approximately 60 minutes. It will be close-captioned, and there is no charge to participate.
Chris McGrath, acting chief accountant with the NCUA’s Office of Examination and Insurance, will demonstrate the Simplified CECL Tool and discuss topics including:
- The tool’s methodology;
- Net charge-off rates; and
- Examiners’ expectations.
The NCUA developed the Simplified CECL Tool to assist small credit unions with developing their Allowance for Credit Losses on loans and leases as required under CECL. The tool is designed primarily for credit unions with less than $100 million assets.
The registration link lets participants log in and view the webinar on their computers or mobile devices. They should allow pop-ups from this website. Please email technical questions about accessing the webinar to either firstname.lastname@example.org or email@example.com.
Participants can submit questions during the presentation or in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “CECL Tool Webinar.” The webinar will be archived on the NCUA’s Learning Management System approximately one month after the live event. An LMS account is required to view the archived webinar. An account provides access to the NCUA’s other training and educational materials.
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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 124 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.