TDR Accounting Not Required for CECL
In March 2022, FASB eliminated TDR accounting for financial institutions that have adopted CECL.
News & Events
Wilary Winn to Speak at 2022 CUNA Conference
Eric Nokken, Anneliese Ramin, and Cole Schulte will be attending the Credit Union National Association (CUNA) Finance Council Conference in Las Vegas, NV, on May 22-25, 2022. Wilary Winn is […]
Significant Improvements to Accounting for Acquired Assets
In February 2022, FASB decided to apply PCD accounting to assets obtained in mergers and acquisitions for institutions that have adopted CECL. This avoids the double counting of credit losses for performing loans. In addition, FASB indicated that revised accounting could be applied to the purchases of seasoned loans.
Goodwill Amortization
FASB continues to deliberate on accounting for goodwill including testing it for impairment versus amortizing it over time. It appears it is leaning toward the required use of an amortization model.
Wilary Winn Welcomes Three New Financial Analysts June 2020
Wilary Winn proudly welcomes three new financial analysts to our team. Kyle Staudt graduated from the University of Wisconsin-Madison with a Master’s Degree in Accounting. Bill Nguyen graduated with a […]
Community Financial Institutions Respond to COVID-19
The funding results for round one of the SBA’s PPP program confirmed our core tenet – responsible, responsive financial institutions are key to healthy communities. According to covidloantracker.com, small regional […]
Wilary Winn Featured in Credit Union Times Article
Wilary Winn was recently quoted in the article Future Uncertain as Credit Union Mergers Slow – Credit Union Times March 20, 2020. The article which can be found below references […]
Wilary Winn’s Clients Featured in S&P Global Intelligence’s Top 50 Performing Credit Unions
S&P Global Market Intelligence just released its list of the 50 Top Performing Credit Unions in 2019. Congratulations to these high achievers, especially the 21 Wilary Winn clients.
Covid 19 Response
Serving Our Clients Through the COVID-19 Pandemic We sincerely hope that you, your families, and your friends and colleagues are well. Like all of you, we are undertaking steps to […]
Wilary Winn Announces Two Promotions
We have promoted Cole Schulte and Mike Tessier to Manager positions. Mr. Schulte focuses on our fair value engagements including mergers and acquisitions, goodwill impairment testing, fair value footnotes, and […]