CECL CREDIT MIGRATION TOOLS
CECL is fast becoming one of the "hot topics" for credit union CEOs, CFOs, and their Boards. With the new FASB changes becoming effective in just two years, credit migration is a clear and easy CECL response tool which can properly fund the CU's ALLL account and offer great value to the members.
Randy C. Thompson Ph.D
Introduction to Credit Risk Management and Credit Migration (CECL)
Credit Risk Management
Managing and maintaining a portfolio of performing loans is a basic challenge for all credit unions. Marketing and underwriting loans is a major function in all credit unions. However, getting loans on the books is only 50% of the job. The other 50% is managing loans over their life in the portfolio. Credit Migration is a powerful tool that credit union leaders are using for this purpose.
His presentation will provide a clear understanding of what credit migration is, how it works and how it is applied by credit unions to minimize losses, enhance yields, and prepare for CECL implementation.
If your CECL team would be interested in an effective credit migration tool demonstration at the conference -- as well as three years’ worth of free soft credit pulls, contact Donna Jensen 208-939-8366 djensen@tctrisk.com
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