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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.

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 lenders ...

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 our white paper

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.

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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 ensure the health of our ...

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 ...

Wilary Winn is Pleased To Announce a Promotion

We promoted Joseph Trabant to Manager. Mr. Trabant joined the firm in 2016 and works primarily on asset liability management, concentration risk management and Current Expected Credit Loss (CECL) Readiness valuations. In his role as ...

Wilary Winn Announces Promotion and Welcomes New Analyst

Wilary Winn is Pleased to Announce a Promotion and Welcome a New Member to Our Team We promoted Anneliese Ramin to Manager.  Ms. Ramin has been with the firm ...

Wilary Winn June Events

MGIC and Wilary Winn Co-presented Webinar on CECL Matt Erickson and Douglas Winn did a presentation on CECL and Capital at Risk on May 8, 2019 via ...

Wilary Winn Events for Early Summer 2019

MGIC and Wilary Winn Copresented Webinar on CECL. Matt Erickson and Douglas Winn did a presentation on CECL and Capital at Risk on May 8, 2019 via ...

FEATURED

CECL Models: Comparing WARM to DCF [White Paper]
This November 2023 white paper compares the weighted the average remaining maturity (“WARM”) and discounted cash flow (“DCF”) models used to estimate CECL reserves.

WHAT OUR CLIENTS SAY

“Over the last several years, Five Star has relied on the skills and expertise of the Wilary Winn team to perform our annual goodwill impairment testing. They have always been […]”

– Tyler Beck, Senior Vice President & Chief Operating Officer, Five Star Credit Union – Dothan, AL