Putting it All Together: Managing Current Expected Credit Loss (CECL) to Benefit Your Credit Union
Putting It All Together: Managing CECL To Benefit Your Credit Union
Maya Angelou once said, “I did then what I knew how to do. Now that I know better, I do better.” In the first three CECL seminars we focused on sharing key information to help credit union leaders know better about CECL. In this Capstone webinar, we will focus on using that information to do CECL in the best way for your credit union.
In the FIRST half of this webinar, we will pull from the information addressed in earlier webinars such as regulatory requirements, data collection practices, managing losses and balance sheet management. Wethen show methods to apply this information in practical, easy to use processes and procedures including credit risk management and statistical design. Our ultimate goal is to help make the conversion to CECL as easy and painless as possible for credit union leaders.
In the SECOND half of this webinar, we will introduce some new information concerning New Accounting Rule for Leases - ASU No. 2016‐02, Leases (Topic 842). This will be an introduction for what is new to come!
Primary CECL overview from first three webinars:
- Thorough review of regulatory expectation guiding the conversion to CECL
- Review of appropriate statistical methods for modeling probability of loss
- Demonstrate coordinated methods for data collection and management
- Demonstrate procedures to utilize credit risk management to manage CECL
- All leases with terms greater than twelve months must be capitalized on the balance sheet.
- Capitalized amount is the present value of future lease payments.
- Asset is amortized over the life of the lease.
- Liability is amortized over the life of the lease, including interest expense
- Impact regulatory capital ratio
- Lower the return on assets
Who Should Attend:
- 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: December 5, 2017 | 1:00pm MST
Prerequisites: Minimum 6 months of ALCO/accounting experience in the credit union.
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.
VirtualCorps.com 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: http://www.nasbaregistry.org.
About the Presenters
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.
Current Expected Credit Loss (CECL) Expert
We Also Recommend
Credit Migration as an effective Current Expected Credit Loss (CECL) Response Tool