According to this year's conference agenda, effective financial management requires a strong grasp of technology.
The IASB credit loss standard would be less burdensome on credit unions.
Final guidance on the FASB's CECL model is expected to be released this year; credit unions should begin to plan for the transition.
Basel Committee guidance for loan loss could mean big changes for U.S. credit unions.
WOCCU warns the Basel Committee's guidance could change how U.S. credit unions account for credit losses.
Proposed and potential rules from the NCUA, CFPB and others are front and center in credit union strategic planning.
Get ready to make big changes in how you calculate loan loss allowances.
The Financial Accounting Standards Board is getting an earful from credit unions and trade associations. Even NCUA Chairman Debbie Matz, like others, is concerned about the accounting board’s exposure draft that would require financial institutions to base loan-loss allocations on expected losses, rather than incurred losses. In addition to requiring...
NCUA chair urges standards-setting panel to consider unintended consequences of new ALLL rule.
The $3.9 billion Patelco Credit Union experienced its most profitable year in the Pleasanton, Calif.-based institution’s 76-year history, with a $55.5 million net profit and 1.48% return on assets. In fact, last year’s earnings were more than the total of $37 million earned from 2005 to 2011 combined.