This CUNA Finance Council Conference presentation from May 22, 2023, focuses on the key accounting implications that a merger can have on credit union financial statements on day one and thereafter.
Wilary Winn will speak and moderate at the 2023 CUNA Finance Council Conference.
FASB continues to work on refining the interaction between CECL and purchase accounting.
Slide decks and recordings are now available for our 2022 mortgage lending webinar series, hosted by FHLB Des Moines.
Join Wilary Winn and FHLB Des Moines for a three-part webinar series designed to review key decision points within the mortgage lending cycle and identify opportunities and challenges.
A growing number of states are blocking the ability of credit unions to buy banks amidst competitive concerns.
In March 2022, FASB eliminated TDR accounting for financial institutions that have adopted CECL.
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…
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.
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.