Stephen Nelson, VP of Credit Union Support at the Utah Credit Union Association, recently shared some resources primarily geared toward helping smaller and mid-sized credit unions meet CECL requirements. The resources are on the Utah Credit Union Association website https://www.utahscreditunions.org/resources/123/ and include:
- 8 videos covering just about everything in the primer and spreadsheets. All the videos combined run about 2 hours and 45 minutes.
- 5 Excel spreadsheets detailing 3 methodologies, a forecast, and qualitative factors.
- A primer outlining how a credit union can complete CECL without having to hire an outside vendor.
These resources are available for free. Thank you to Stephen and the entire Utah Credit Union Association team for putting this together and making it available to CUs.