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Credit Migration as an effective Current Expected Credit Loss (CECL) Response Tool

Credit Migration as an effective Current Expected Credit Loss (CECL) Response Tool

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Calculating an accurate allowance for loan loss is a key responsibility of any financial institution.  Over the last 40 years, the methods for calculating the allowance account has changed and expanded to meet the perceived needs of the existing economic condition and financial position of the credit union. The 2008, 2010 financial collapse demonstrated the weaknesses in the incurred loss system that had been in place for decades. As a result FASB has re-defined direction for allowance calculation moving from an incurred loss (backward looking) methodology to an expected credit loss (forward looking). This webinar will demonstrate the implementation of the credit migration model as a statically valid method to comply with Current Expected Credit Loss (CECL).


  • Provide and understanding of what credit migration is and how it works
  • Discuss and understand appropriate statistical methods for modeling probability of loss
  • Review and understand a robust model for quantifying total risk at any given time
  • Demonstrate the linkages between credit migration and total risk measurement

Who Should Attend:

  • CEOs/Managers
  • CFOs
  • Lending Officers
  • Compliance Officers
  • ALCO Committee Members
  • Certified Public Accountants (CPAs)
  • Internal Auditors or others working in accounting roles at the CU

By purchasing this webinar, you are registering for this session. Additional registration information will be sent to you in a response from this commerce site that requires logging onto and signing in through a webex link. In order to be awarded the full credits, you must respond to three out of the four polling questions asked during the program. (Please note Webinar Event Time & Date).

Participants will earn 1.0 CPE credit

Field of Study: Accounting

LIVE DATE: June 13, 2017 | 1:00pm MST

Additional Information

Prerequisites: 6 months’ minimum experience in consumer lending. Basic understanding of accounting is important.

Advanced Preparation: None

Program Level: Intermediate

Delivery Method: Group Internet Based


Refund and Cancellations: Requests for refunds must be received in writing within 7 days of initial purchase and will be subject to a cancellation fee. For more information regarding refund, complaint, and/or program cancellation policies please contact our offices at 406-315-2809. 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. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


About the Presenters

Randy Thompson

Risk-based Lending / Credit Migration / Pricing

Randy’s background includes more than 10 years in banking, 15 years in higher education and 4 years in state and national government. He has held various positions in his banking career including branch manager, senior commercial loan officer, and Division Vice President. During his banking tenure he created a cutting edge methodology for pricing commercial loans. His research and teaching focused on the development of effective behavior change models.


Mike Richards

Current Expected Credit Loss (CECL) Expert

has held the position of CEO of Richards &
Associates, CPAs for over thirty-five years. He joined the firm in 1973 after earning a bachelors degree in business administration from the California State University at Los Angeles and becoming a Certified Public Accountant. In addition to introducing many new services, he is responsible for quality control of all professional services offered by the firm. 
Richards & Associates, Certified Public Accountants, was founded in 1967 by two former NCUA examiners. For nearly fifty years we have stayed true to their vision of exclusively providing audit services to the Credit Union community. 
Richards & Associates is ranked among the top ten credit union audit firms in the United States and number two in the states of California and Hawaii.



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