Why You Should Attend

The allowance calculation is one of the most significant estimations management makes for its credit union. All credit unions are expected to move to the new Current Expected Credit Loss model. This Boot Camp will highlight the approved methodologies and show how they can comply with CECL in the most efficient and cost-effective manner. You will also learn how the tools associated with CECL can reduce losses and improve earnings.

Who Should Attend

This Boot Camp will benefit anyone who is involved in the allowance calculation process and/or credit risk management, including CEO’s, CFO’s, loan managers, and accounting managers.

Highlights

• Regulatory and FASB requirements

• Pros and cons of the approved methodologies

• Calculating an accurate and appropriate allowance level

• Utilizing credit risk management tools to minimize losses and enhance earnings

Schedule

9:00-10:00

Explore the regulations and requirements of CECL.

10:00-10:15

BREAK – Snacks and drinks provided

10:15-12:00
Develop a clear understanding of the approved methodologies, including comparisons of static pool vs. credit migration analysis.

12:00-1:00
LUNCH – On your own

1:00-2:30
Learn the data requirements and how to calculate an accurate and appropriate allowance level.

2:30-2:45
BREAK – snacks and drinks provided

2:45-4:00
Examine effective strategies for implementing CECL with comprehensive credit risk management.