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.
Winning a legal battle against the NCUA is a long shot. So why waste industry resources on legal opinions?
International accounting board closes comment period on its proposed credit loss changes.
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...
More deliberation to come, standards board promises, in proposed changes to loan losses accounting standards.
Council reps at International Accounting Standards Board panel discussion on Monday.
Just like the 14,000 member credit unions it supports, the World Council of Credit Unions in Madison, Wis., must intermittently reevaluate its structure and programs in order to best meet the needs of those it serves.