Implementing Current Expected Credit Losses (CECL) Using an Excel Based Approach

 Human Resources  Lending/Collections

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Non-Affiliated Contact Leslie Poole

Program Description

By now most everyone has heard of the new accounting pronouncement (ASU 2016-13) that will have a significant effect on how your credit union will compute your allowance for loan and lease losses (ALLL) along with a potential increase in your ALLL. This is commonly referred to as the new CECL model that you will need to implement in 2021.

In this session, you will gain an understanding of the expected changes to your ALLL calculation, the potential impact, and  several modeling approaches that may be used. While there are some complex models, we will focus on possible Excel-based methods that you can use.

  • Understand CECL, including recent regulatory guidance
  • Quantify the potential impact
  • Explore possible Excel-based calculations
  • Develop an approach for implementation

Program Length: 90 minutes

Who Should Attend

This informative session is designed for credit union executives (CEO, CFO, CLO), risk management, internal auditors, and anyone else that may be involved in computing your credit union’s ALLL.

Meet The Presenter:

Bryan Mogensen is a licensed CPA and an assurance principal at CLA in Phoenix, Arizona since 1995.  Over the past 25 years, Bryan has gained extensive experience auditing credit unions, credit union related organizations, community banks, and nonprofit organizations. As engagement principal, he is responsible for ensuring the work is performed as expected, reviewing key areas and reports, planning, and supervising audit staff, along with helping clients meet their financial and compliance needs. Furthermore, Bryan is the national credit union practice leader for CLA. He frequently shares his knowledge through national speaking engagements.

Stephen Schiltz is a licensed CPA and a principal with CliftonLarsonAllen LLC’s Tucson office.  He began his career with CLA in 2002 and has extensive experience providing assurance and consulting services to credit unions and credit union service organizations.  Steve has made presentations to credit union management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars.


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