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.
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…
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 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…
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.
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…
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…
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…
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 since…