CECL Delayed One More Year for Credit Unions

David Baumann, in a July 17, 2019 article in cutimes.com, writes that credit union’s effective date to implement CECL (Current Expected Credit Losses) is now January 1, 2023.Credit unions should be well on their way by now to working towards CECL implementation. 

TCT Risk Solutions has effective risk management tools for clients that are CECL compliant. TCT’s Credit Migration and ALLL Placement tool is CECL compliant and assures risk is managed in existing loan portfolios.