Implementing CECL - CUNA CFO Council
Douglas Winn and Frank Wilary presented on Implementing CECL at the CUNA CFO Council on May 22, 2017.
The presentation provides practical ways to estimate credit losses in full accordance with the CECL standard, and touches on the advantages and disadvantages of the various models that can be utilized and the reasons why we utilize discounted cash flow models. An overview of how to form predictive data pools and the pluses and minuses of increasing granularity will also be discussed. The presentation provides a practical understanding of how to begin implementing CECL in a credit union, including the data that needs to be collected.