Lizeth GeorgeThe National Credit Union Administration Office of Examination & Insurance is hosting a webinar on the recently announced Simplified Current Expected Credit Loss (CECL) Tool. The one-hour live webinar will take place on Wednesday, October 12, beginning at 2:00 p.m. ET.
The Simplified CECL Tool uses the Weighted Average Remaining Maturity (WARM) methodology to estimate the allowance for credit loss and is designed for the more than 3,000 credit unions with less than $100 million in assets. Larger credit unions can use the tool based on management and auditor discretion.
NCUA subject matter experts will provide an overview of the Tool, demonstrate the Tool, and answer participants’ questions.
Participants may submit questions in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “CECL Webinar.”
Registration for this webinar is now open. Participants can log into the webinar and view it on computers or mobile devices using the registration link. They should allow pop-ups from this website. The webinar will be closed captioned and archived approximately one week following the live event.
