The ramifications of the proposed new standards are huge, and you can expect
significant confusion in the early years of implementation. Expect significantly
higher allowance for loan loss balances, and as a result, lower levels of
capital for all banking institutions. **** Read More At; A New Accounting Model For Loan Loss Allowances
“Celebrating 25 Years of Service: Unite, Ignite, and Empower” “We train and support volunteer leaders of credit unions serving first responders to run stronger, more effective institutions.” “Great things happen when credit unions serving first responders come together. Our face-to-face and on-line interaction is the platform where collaboration begins, and GREAT ideas are generated.”
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