The National Credit Union Administration will offer a webinar on January 11 that explains how to use the agency’s simplified CECL tool.
Online registration for this webinar, “The Simplified CECL Tool, Best Practices,” is now open. The webinar is scheduled to begin at 2 p.m. Eastern and run approximately 60 minutes.
Chris McGrath and Trey Damron from the NCUA’s Office of Examination and Insurance will review how the tool works and its latest update as well as discuss best practices. The NCUA developed the Simplified Tool primarily for use by credit unions with assets of less than $100 million.
The webinar will be close captioned, and there is no charge. Participants will be able to log in and view the event on their computers or mobile devices using the registration link. They should allow pop-ups from this website.
Participants are encouraged to submit questions in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “Simplified CECL Tool.” Please email technical questions about accessing the webinar to either uccwebinar@ncua.gov or uccsupport@ncua.gov.
This webinar will be archived on the NCUA’s Learning Management System following the live event. A Learning Management System account is required to view the archived webinar, and it also provides access to the NCUA’s other training and educational materials.
Access the ‘Compliance Hotline’
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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