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|Current Expected Credit Loss Training|
The Minnesota Credit Union Network is partnering with CliftonLarsonAllen LLP to provide member credit unions with CECL (Current Expected Credit Loss) training.
The new allowance for loan loss standard - Current Expected Credit Losses (CECL) was issued final in June 2016 and will be effective in 2021. Between now and then there are many options to consider. While there are numerous software packages that can help comply with CECL, this workshop will cover 3 of the options that can utilize an Excel spreadsheet to comply; historical loan losses, static pool analysis and year of vintage analysis.
Greg Schwartz and Tanya Medgaarden from CliftonLarsonAllen will be presenting
There are four sessions available:
Burnsville | Monday, August 7 | 1 - 2:30 p.m.
Firefly Credit Union
1400 Riverwood Dr.
Burnsville, MN 55337
Hermantown | Tuesday, August 8 | 10 - 11:30 a.m.
Hermantown Federal Credit Union
4477 Lavaque Rd.
Hermantown, MN 55811
Austin | Monday, September 18 | 1 - 2:30 p.m.
Accentra Credit Union
400 Fourth Ave. NE
Austin, MN 55912
St. Cloud | Tuesday, September 19 | 1 - 2:30 p.m.
Great River Federal Credit Union
1532 W. St. Germain St.
St. Cloud, MN 56301
With questions, please contact MnCUN Vice President & General Counsel John Wendland by email or call (651) 288-5519.