A Practical CECL Action Plan for Credit Unions
Credit unions are bracing for the impact that the current expected credit loss (CECL) model may have on their institutions and forming implementation plans now. How can credit union leaders distill the next best steps for their institution? In this paper, Sageworks defines realistic and approachable steps for credit union compliance with the CECL standard.
Download to learn:
- How to coordinate needed departments
- Understand the loan-level data requirements
- Identify procedures that may need changed
- Evaluate build vs. buy options