Remove 2013 Remove CECL Remove Credit Unions
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10 Top Banking Podcasts You Should be Listening to

Abrigo

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. Podcasts for bankers and credit union execs, staff. And all release a new episode at least monthly.

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More banks predict larger impact from CECL model

Abrigo

The attention on the FASB’s current expected credit loss (CECL) model has only increased in recent months, as the industry braces for the release of final guidance before the end of 2015. The CECL model will require banks and credit unions to consider expected losses rather than incurred losses.

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Return of the TDR: How to Prepare for Coronavirus-Related Loan Restructurings

Abrigo

This primary source of guidance on TDRs and testing for loan impairment could be especially important as banks and credit unions determine which loans have been affected by the impacts of public health actions to contain the coronavirus. Streamline the ALLL while bridging to CECL. CECL & TDRs. CECL Accounting.

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Independent Loan Review & Credit Risk Review System Objectives

Abrigo

This article is substantially updated from a 2013 blog post. An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. Identifying Credit Weaknesses. 7 Objectives of credit risk review.

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FDIC: Community banks outperform industry in third quarter

Abrigo

Compared to the second quarter of 2014 and the third quarter of 2013, loan growth continues to increase. This total represents an increase of almost 24% over the third quarter of 2013. billion from the third quarter of 2013. In addition, the pending FASB CECL model is expected to be released in the first half of 2015.

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What is the FASB’s process for issuing standards?

Abrigo

The Financial Accounting Standards Board (FASB) continues to receive attention surrounding their proposed current expected credit loss (CECL) model , as final guidance is expected to be released late 2014 or early 2015. To learn more about FASB’s CECL model, download the whitepaper, FASB’s CECL Model: How to Prepare Now.

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Why it's time you give up spreadsheets in the ALLL calculation

Abrigo

Conducted in 2013, this poll shows the fallibility of using spreadsheets in the ALLL process. For one, they archive loan-level detail which is imperative for impending regulatory changes such as FASB’s CECL model. Blog Bank CFO Credit Union Industry Trends' This goes back to the purpose of the tool.