NCUA Equity Distribution Rule (12 CFR 741) Last September, the National Credit Union Administration (NCUA) Board voted to close the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) prior to its expiration in 2021. With its closure, the Fund’s assets were transferred to the Share Insurance Fund (NCUSIF). At that same meeting, the Board also approved [...]

NCUA EQUITY DISTRIBUTION2018-04-02T13:58:50+00:00

News Blast – CECL

-CECL HAS FINALLY ARRIVED- Accounting Standards Update (ASU) No. 2016- 13, Financial Instruments– Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Overview As you have probably heard, after many delays, the Financial Accounting Standards Board (FASB) finally issued a new standard for measuring credit losses on financial instruments. Although many efforts were [...]

News Blast – CECL2017-05-07T14:42:10+00:00