Deadline is Friday and 62 of 153 comment letters posted so far are from credit unions concerned about proposed ALLL changes.
The current conversation focused on “expected credit loss” provides a great opportunity for credit unions to begin evaluating their loan loss reserve methodologies.
Almost 11 months after it was due, the NCUA has not given Congress its annual report for 2008, and several sources have said that the reason for the delay is a dispute with its auditing firm,
Chief financial officers enforce policy, they don't shape it. And in a conservative industry like credit unions, trailblazing opportunities may seem few and far between for CFOs.