The Pulse 06-08-2017

Volume 6, Issue 23.5

THE PULSE ARCHIVE

 

MnCUN Offering CECL 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. 
  • Hermantown | Tuesday, August 8 | 10 - 11:30 a.m. 
  • Austin | Monday, September 18 | 1 - 2:30 p.m. 
  • St. Cloud | Tuesday, September 19 | 1 - 2:30 p.m.

Register here.

With questions, please contact MnCUN Vice President & General Counsel John Wendland by email or call (651) 288-5519.

 

 

 

Follow the links on the stories below to read more about the outstanding programs, new initiatives and well-deserved recognition received by your peers recently. Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Communications Specialist Laura Whittet.

 

 

 

Upcoming Professional Development Opportunities

Below is a summary of the Minnesota Credit Union Network's June educational sessions. Browse the listings below and click the links for more detailed information and online registration. Look for a complete schedule on the Event Calendar section of the Network website.

 

MnCUN Orientation

 

Peer-to-Peer (P2P) Meetings

 

Credit Unions for Kids

 

Webinars

 

Chapter Meetings

 


 

Small Credit Union Grants Available

Credit unions that meet specific criteria can apply for expedited reimbursement of professional development opportunities through the Minnesota Credit Union Foundation Small Credit Union Grant Program.

 

Expedited approval will be granted based on the following criteria:

 

  • The request is for $500 or less;
  • The credit union has less than $35 million in assets as of Dec. 31 of the previous calendar year;
  • The credit union has less than $35,000 in net income for the previous calendar year; and
  • The professional development opportunity is on a topic(s) that pertains to the attendee’s position as a credit union professional or volunteer

A maximum of $500/credit union is available through the Small Credit Union Grant Program on an annual basis. All small credit unions are encouraged to apply for this grant, as well as grants for larger dollar amounts under our general Professional Development Grant program which undergo regular review and approval through the Foundation Board during its scheduled meetings.

 

To apply for Small Credit Union Grant Program funding, send an email with your name, credit union, the name and description of the event you’re attending, and proof of registration to the Minnesota Credit Union Foundation

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034