It’s essential that all leaders at credit unions understand the financials of the credit union, and how they work. Part of that means knowing how the Allowance for Loan and Lease Losses (ALLL) works, and another is knowing how capital works.
Join your credit union board member peers for the February 4 Director Training: Changes to ALLL and CECL and What You Need to Know.
At this seminar, we’ll cover important points and upcoming changes to both topics as it related to your role as a credit union board member.
– Learn how the ALLL calculation will change at the start of 2023 due to something known as CECL – current expected credit loss.
– Discuss CECL and its requirements, and how it may affect your credit union
– Review how capital works and why it’s important, and discuss NCUA’s risk-based capital rule, which is slated to enter effect in January 1, 2022.
Presenter: Bryan Mogensen, Principal, CliftonLarsonAllen (CLA)
Fee: $79/per person. A $15 discount will be applied to each attendee after the first registration. Multiple attendees must be from the same credit union and registered at the same time to receive the discount. Includes: Instructions, materials and a light meal.
Location: First Credit Union, Chandler, AZ
Click here for more information and to register.