CECL Update – What’s Next?

Explore the new accounting standard and how you can prepare your credit union

On-Demand Webcast Available Until January 10, 2018

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On June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-03, Financial Instruments – Credit Losses (Topic 326). This new accounting standard, commonly referred to as the Current Expected Credit Loss Model (CECL), will have a substantial impact on all financial institutions and will dramatically affect the Allowance for Loan and Lease Loss (ALLL) calculation. Furthermore, the standard will negatively impact the net worth ratio for most credit unions.  Join this crucial webcast for an in-depth understanding of the new standard and how it can impact your credit union. You'll explore ALLL methodology, interagency guidance and learn how to plan for CECL adaptation.

Key Takeaways

  • Understand the new standard and how it may impact your credit union
  • Explore possible ALLL methodologies and calculations
  • Begin planning for CECL adoption

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Already registered? Go to the Online Training Center to view live.

Who Should Attend?

  • Chief Operations Officers
  • Chief Risk Officers
  • Open to all credit unions, regardless of membership or charter type!

Your Instructors

Dean Rohne
Dean Rohne, CPA, CIA
Principal, CliftonLarsonAllen, LLP

Steve Schlitz
Steve Schlitz
Principal, CliftonLarsonAllen, LLP

Registration Fees

 On-Demand Version*
NAFCU Member
(Webcast Only)
$350
NAFCU Member
(Webcast + CD)
$400
NAFCU Nonmember
(Webcast Only)
$450
NAFCU Nonmember
(Webcast + CD)
$500

On-demand webcast expiration date: January 10, 2018.

*On-demand webcasts are available for up to 12 months after the live broadcast, and are included in your registration price.

Education Credits

Earn NAFCU Certified Compliance Officer credits NCCOwill receive 1.5 CEUs for participating in this webcast.

NCRM logo NCRMs can earn 1.5 CEUs for participating in this webcast.

Earn CPE CreditsCPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Education Manager, NAFCU
  • Learning Objectives: Join this crucial webcast for an in-depth understanding of the new standard and how it can impact your credit union. You'll explore ALLL methodology, interagency guidance and learn how to plan for CECL adaptation.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended Field of Study: Accounting

NASBA SponsorNational Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webcasts

Our webcasts are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

Refund Policy

To qualify for a refund, cancellations must be processed prior to the live webcast date. Cancellations can be processed after the live webcast date, but refunds will no longer be issued and transfers would only be considered. Please email NAFCU's Member Service Center with your request for cancellation to msc@nafcu.org.