The IASB credit loss standard would be less burdensome on credit unions.
New credit loss guidelines are placing pressure on credit union CFOs, while increasing regulations drive small credit unions out of business.
WOCCU warns the Basel Committee's guidance could change how U.S. credit unions account for credit losses.
Three large leagues agree to combine their back office operations.
A follow up on a December 2013 audit details the CFPB's poor internal controls over its accrual process.
More deliberation to come, standards board promises, in proposed changes to loan losses accounting standards.
PHOENIX — Estimating an appropriate allowance for loan and lease losses an NCUA examiner will accept and trying to anticipate FASB rules is a “never ending cat and mouse game where you’re always trying to chase the right answer,” CPA Bart Ferrin said during a breakout session on the topic...
PHOENIX — Credit union accountant at CUNA CFO Council confab discusses the challenges in preparing for loan, lease allowances.
This Opinion piece looks at determining the proper amount to set aside for Allowances for Loan and Leases Losses.