CECL Training for Small Credit Unions

Big changes are coming soon to the way credit unions calculate ALLL (Allowance for Loan and Lease Losses) under the new CECL rules proposed by the Financial Accounting Standards Board (FASB). In fact, according to the American Bankers, Current Expected Credit Losses (CECL) represents "the biggest change to bank accounting, ever" and the new changes will affect credit unions of all sizes.

Don’t be caught off-guard! The changes required will be much more than a few simple tweaks and will require much more time to prepare than just a few months.

So what is the best plan of action? This training will help you understand the fundamental steps your credit union will need to take to prepare for the CECL Implementation.

Date & Location

DFW, August 7

11:30 a.m. – 1:30 p.m.
Registration Deadline: August 3
Cornerstone Credit Union League
6801 Parkwood Blvd.
Academy Training Room
Plano, TX 75024
800-442-5762 (for directions)

Register

Business casual dress is appropriate. Bring a jacket or sweater as room temperatures vary.

Presenter - Dr. Paul Withey

Dr. Paul WitheyDr. Paul Withey has worked in the credit union industry for 20 years as an employee, board member, and consultant. He has served as Cornerstone Credit Union League Region 1 – South East Texas Director since 2012, Texas Governmental Affairs Subcommittee since 2011, Chairman of Texas Governmental Affairs Subcommittee since 2017, Vice Chairman of Cornerstone Credit Union League Audit Committee since 2013, Houston Chapter of Credit Unions Board Member/Ex Officio (2004-2012), Houston Chapter of Credit Unions President, and much more credit union involvement. Dr. Withey enjoys a work-life balance by pursuing a passion for national and international travel, involved with his community, enjoys good food, and heartfelt humor.

Educational Investment

$15 per person (includes lunch)

Questions?

If you have questions or need assistance registering, please contact Lorri Gaither at 800-442-5762 ext. 6423 email lgaither@cornerstoneleague.coop or Kati Buchanan at 800-442-5762 ext. 6424 email kbuchanan@cornerstoneleague.coop.

If you have physical, medical or dietary needs requiring special attention, please contact us for proper arrangements to be made.