CECL: A Half-Baked Cake
One year after implementation, there’s still work to be done when it comes to new rules around expected credit losses.
One year after implementation, there’s still work to be done when it comes to new rules around expected credit losses.
From liquidity challenges to slowdowns in lending, new regulations and more, credit unions embraced uncertainty this year.
The accounting standard concerning intent and ability was violated, and those charged with governance and oversight of the bank failed in their roles. All of these parties should be held accountable.
To ensure they are properly fulfilling their duties, credit union directors typically consult with a variety of stakeholders, but there’s one source of assistance directors might not have considered.
The Ohio cooperative has been working with vendors and testing new solutions to find the right fit for the new reporting standards.
Vendors break down the problems they solve and highlight what makes them stand out in a crowded industry.
Financial institutions have heard about the current expected credit loss accounting standard for years. It’s now time to act, and these steps will prepare your credit union for its first audit or examination.
A comprehensive look at staffing can strengthen compliance and the use case for targeted people resources.
With the right technology, credit unions can quickly design and go to market with the digital presence they need to retain and add members.
The upstate New York cooperative sets clear expectations and follows up with remote employees to ensure success in its WFH arrangement.

As margin support begins to fade, earnings performance is becoming more sensitive to revenue mix and harder to interpret through public reporting alone.

Discover how small to midsize credit unions can weather the economic headwinds hitting their communities right now.

Look beyond the headlines to better understand what is driving current market trends and how they could impact credit union investment portfolios.

At Service Credit Union, Dave Widener connects data, strategy, and culture to shape better outcomes for members.

The Ohio-based cooperative has partnered with a fintech to offer fractional investing as part of its financial education curriculum in local schools.

Seven questions credit union board members should ask to ensure alignment on executive benefit plan goals.

As credit unions move from experimentation to adoption, leaders offer firsthand knowledge on what separates weak policies from strong ones that actually work.

How Members Cooperative focuses on structure, oversight, and clear expectations to ensure AI supports, not undermines, long term strategy.

As Hudson Valley Credit Union’s artificial intelligence chief, Preetha Sekharan holds a rare role in the industry, but it’s one that is likely to become far more common in the future.

Artificial intelligence for credit unions has moved from a future concept to today’s full-fledged leadership and governance challenge.
CECL: A Half-Baked Cake