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CECL: What Methodology is Best for your Credit Union (In Person)
League Office
1064 E Main Street
Meriden, CT 06450

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Thursday, August 18, 2022, 10:00 AM - 12:00 PM EDT
Category: Service Excellence Training


This session is intended for Management and Staff who are involved in the calculation and management of the Allowance for Credit Loss. CECL implementation has been looming over credit unions for several years. The rules and expectations have changed multiple times and many methodologies have been created for credit union use. As 2023 is fast approaching now is the time to review the rules, examine methodologies and make sure your credit union is compliant and implementing programs that are designed with your best interest in mind.

The session will include topics such as:

  • What are the final FASB CECL rules?
  • Which implementation strategies are most efficient and cost-effective?
  • What are the Pros and Cons of the WARM and SCALE methodologies?
  • What can management do to control and manage the ACL requirement?

Optional Extended Training Available:
Credit unions will have the ability to purchase TCT's SCALE Model Calculation Worksheet, How-To Guide, and a live virtual training session with TCT (scheduled at your convenience) to learn the calculation worksheet in detail. The cost for these extended resources will be a one-time fee of $1,250 per credit union. (An NDA may be required to acquire these resources.)

Speaker: Randy C. Thompson, Ph.D.
Randy C. Thompson, Ph.D. is the CEO and founder of TCT, Inc. He has consulted with Credit Unions, through TCT, for the past 28 years. He holds advanced degrees (Ph.D. and MS) in Finance, Statistics and Economics and taught graduate courses in statistics at several Universities in the western United States.

He has been a frequent speaker at League and Association meetings across the United States and has authored papers and articles for Credit Union trade journals and for the California/Nevada Credit Union League. He is the author of TCT Suite of products including risk based pricing, deposit pricing, Credit Migration, with ALLL, and the CostPro Earnings at Risk ALM Simulation Model. Dr. Thompson has delivered training on loan and deposit pricing, credit migration and ALLL to federal and state examiners in six western states.

Contact: Melissa Robinson - [email protected]