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Valuant is now Abrigo, giving you a single source to Manage Risk and Drive Growth

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DiCOM Software is now part of Abrigo, giving you a single source to Manage Risk and Drive Growth. Make yourself at home – we hope you enjoy your new web experience.

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TPG Software is now part of Abrigo. You can continue to count on the world-class Investment Accounting software and services you’ve come to expect, plus all that Abrigo has to offer.

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Portfolio Risk & CECL

A Practical CECL Action Plan for Credit Unions

Most credit unions aren’t required to implement the new current expected credit loss (CECL) standard until fiscal years that start after Dec. 15, 2022, so many institutions view the new accounting rule as less pressing than growth initiatives or other regulatory requirements.

Nevertheless, credit unions are heeding the advice of the NCUA, which has directed credit unions to take advance steps to ensure effective implementation of this major change in estimating losses. These steps begin with education and continue with the evaluation of methodologies. This action plan will walk through key components of team coordination, loan-level data, procedural changes, auditor/regulator expectations, and more.