NCUA’s Hood calls for CUs to be exempt from CECL standard

Standard

NCUA Chairman Rodney Hood Thursday urged the FASB to exempt credit unions from the CECL standard. CUNA’s longstanding position is that CECL is inappropriate for credit unions, and will present financial standing and compliance challenges.

https://news.cuna.org/articles/117721-ncuas-hood-calls-for-cus-to-be-exempt-from-cecl-standard