Bankowość i finanse · 19/08/2020

NCUA Board Seeks Comment on Proposed Rule Addressing Changes to GAAP and CECL Methodology for Credit Unions

The NCUA Board is seeking public comment on a proposed rule to address changes to the U.S. Generally Accepted Accounting Principles (GAAP) and its impact on federally insured credit unions. The proposed rule aims to phase-in the day-one adverse effects of adopting the Current Expected Credit Losses (CECL) accounting methodology.