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CECL Report: Where Credit Unions Are in Preparation
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"CECL Report: Where Credit Unions Are in Preparation"
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Discover where fellow credit unions are in their CECL preparation, insights to help you benchmark your efforts, and the array of approaches other organizations are taking towards compliance.

The compliance date for one of the biggest banking accounting changes ever, CECL, is on the horizon.  Overall, credit unions have shown great preparation for CECL. However, as CECL experts warn, the implementation clock is ticking.

The good news is that the vast majority of financial institutions are taking the standard seriously and making significant progress in their transitions to CECL. But is it fast enough?

Download this report, summarizing insights from the 2019 Abrigo Lender Survey, to learn where financial institutions are in their preparation efforts, and if your CU is on track. This report sheds vital insight on:

  • Glaring concerns at this point of preparation
  • Challenges that most organizations face
  • How others are handling data requirements, collection, and application
  • Various methodologies being adapted
  • The range of tools being leveraged
  • Expected impacts of CECL
  • Plus much more


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