Tag Archive: "Credit Unions"
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NCUA’s Risk-Based Capital Rule is approaching – what does it mean for your Credit Union?
fter a series of extensions, the new standard is effective January 1, 2022. The 2015 Final Rule restructures the NCUA’s current prompt corrective action (PCA) regulations by replacing the existing risk-based net worth ratio with a new risk-based capital ratio for “complex” federally insured, natural-person credit unions. The changes resulting from the new rule result in a risk-based capital calculation more consistent with that used for corporate credit unions and those of other banking agencies, such as the OCC. The new well-capitalized ratio threshold will increase from 7% to 10%.
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CECL Blog Series – Part #7
This blog post will continue our CECL Blog Series, where we’re hoping to answer you your CECL Questions one blog at a time!
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CECL Blog Series – #6
This blog post will continue our CECL Blog Series, where we’re hoping to answer you your CECL Questions one blog at a time!
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CECL Blog Series – Part #5
This blog post will continue our CECL Blog Series, where we’re hoping to answer you your CECL Questions one blog at a time
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CECL Blog Series – Part #4
This blog post will continue our CECL Blog Series, where we’re hoping to answer you your CECL Questions one blog at a time!
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CECL Blog Series – Part #3
This blog post continues our CECL blog series, where we hope to answer your CECL questions one blog at a time.
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CECL Blog Series – Part #2
This blog post will continue our CECL Blog Series, where we’re hoping to answer you your CECL Questions one blog at a time!
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CECL Blog Series – Part #1
Welcome to the CLA CECL Blog Series, where we’re hoping to answer you your CECL Questions one blog at a time!
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CLA Joins BankTrends to Host CECL Webinar
David Heneke and Joshua Juergensen from CLA will join Michael Stinson from BankTrends in a webinar on Thursday, February 6th at 2pm CST to discuss practical guidance on the implementation of the WARM methodology for CECL This complimentary webinar will provide the latest insights on how financial institutions are successfully preparing for the new standard. […]
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FASB Decision on CECL Delay
On October 16, 2019, the FASB held a board meeting to discuss the comment letters surrounding the proposed extension to the adoption date of CECL. The board unanimously voted to adopt the language in the exposure draft, which extends the effective date of CECL to 1/1/2023 for many calendar year end entities. The exact wording […]