Registration Open for May 3 Webinar on Simplified CECL Tool

NCUA will host a webinar on May 3 explaining the agency’s Simplified CECL Tool, created to help small credit unions implement the current expected credit losses (CECL) accounting standard.

Registration for this webinar is now open, and it will begin at 12:30 p.m. ET and run approximately 60 minutes. It will be closed captioned, and there is no charge to participate.

 Chris McGrath, acting chief accountant with the NCUA’s Office of Examination and Insurance, will demonstrate the Simplified CECL Tool and discuss topics including:

• The tool’s methodology;
• Net charge-off rates; and
• Examiners’ expectations.

NCUA developed the Simplified CECL Tool to assist small credit unions with developing their Allowance for Credit Losses on loans and leases as required under CECL. The tool is designed primarily for credit unions with less than $100 million assets.

The webinar will be archived on the NCUA’s Learning Management System (LMS) approximately one month after the live event. An LMS account is required to view the archived webinar. An account provides access to the NCUA’s other training and educational materials.